BCH price eyes $300!BCH price crosses the $250 mark with a 10% growth in just two days.
Overhead supply pressure triggers a short correction.
Bullish sentiments in October make BCH price predictions for 2023 optimistic.
Bullish dominance at $180 and the 200-day EMA act as a bounce pad for BCH.
Inverted head and shoulder pattern hints at a bullish revival.
Current BCH price is $243.41 with an intraday fall of 1.23%.
Possibility of a second dip to the $228 mark to complete the bullish pattern.
Directional Movement Index (DMI) indicates strong momentum.
50 and 200-day EMA maintain a positive alignment.
A pullback to $228 could offer a crucial entry point for buyers.
A breakout above $250 increases the likelihood of BCH touching $300.
A break below $228 could plunge BCH to $200.