Bitcoin Cash (BCH) Continues to Surge, Targets $250
Bitcoin Cash (BCH) has experienced a three-day rally, with prices increasing by almost 10% in today’s session.
The BCH/USD pair reached a peak of $234.94 earlier today, rebounding from its low of $211.95 on the previous day.
This is the highest point for BCH since August 10 when it was trading above $240.00.
The breakout above the resistance level at $225.00 and the relative strength index (RSI) surpassing 60.00 at 65.52 have contributed to this upward movement.
If the current momentum continues, the next target for BCH is expected to be around $250.00 by the end of the week.
Chainlink (LINK) Reaches Multi-Week High
In addition to BCH, Chainlink (LINK) has also seen a rise in price, reaching its highest level in weeks.
After hitting a low of $7.26 on Tuesday, LINK/USD surged to an intraday high of $7.82 today.
This peak marks the highest level for Chainlink since August 9.
The price strength breaking through the resistance level of 67.00 and currently reading at 67.22 indicates further potential growth.
Bulls for LINK are now eyeing a ceiling of $8.00 as the 10-day moving average shows an upward trend.
Hot Take: Cryptocurrencies Gain Momentum
The recent surge in Bitcoin Cash (BCH) and Chainlink (LINK) prices demonstrates growing momentum in the cryptocurrency market.
BCH has surpassed key resistance levels and is targeting $250, while LINK has reached a multi-week high and aims for $8.00.
These upward movements indicate renewed investor interest and potential bullish trends in the coming weeks.
As the crypto market continues to evolve, it is essential to stay updated on the latest price movements and market trends to make informed investment decisions.