BCH Faces Triple Rejection at $467 – High-Volume Bounce Fails to Prevent Red Close

Bitcoin Cash hits a wall – again. For the third time this week, BCH slammed into stiff resistance at $467 before retreating despite a surge in trading volume. The failed breakout leaves bulls scrambling as the asset limps into the weekend with a slight loss.

Triple-Top Trouble

That $467 level isn't just psychological resistance – it's morphing into a technical nightmare. Each rejection weakens bullish momentum, and today's high-volume rejection suggests whales are dumping at this price. Retail traders keep buying the dip... until they don't.

Volume Spike, Price Flop

Here's the kicker: trading volume surged 40% during today's attempt. Normally that signals conviction, but when price still closes red? That's distribution in action. Somebody's unloading bags while the 'BTFD' crowd naps on their limit orders.

Weekend Warrior or Bear Bait?

All eyes on whether $450 holds as support. Break that, and we're likely retesting $430. Hold it, and maybe – just maybe – the fourth attempt at $467 sticks. Though at this point, even the crypto faithful are whispering 'fool me thrice...'

Funny how 'decentralized' markets still dance to the same old Wall Street rhythms – pump, dump, repeat. At least the blockchain never asks for a bailout.