BCH Hits Triple Rejection at $467 – High-Volume Rebound Fails to Prevent Slight Drop
Bitcoin Cash bulls just got a brutal lesson in resistance levels. Despite three aggressive attempts to break through the $467 ceiling this week, BCH got smacked down each time—ending slightly lower even after a high-volume rebound that had traders briefly hopeful.
Key Resistance Holds Firm
The $467 mark isn’t just psychological—it’s where sell orders piled up like a Wall Street bonus queue. Each rejection saw heavier volume, suggesting some traders still believe in a breakout. But for now? The bears are winning.
High-Volume Rebound Fizzles
That last-ditch surge on Thursday looked promising—until it wasn’t. The ‘buy the dip’ crowd got their fingers burned again, proving once more that in crypto, hope isn’t a strategy (though it’s still more reliable than most bank savings rates).
What’s Next?
If BCH can’t flip $467 into support soon, we’re staring down a retest of $440. Meanwhile, the ‘triple top’ pattern now etched on the charts has technical analysts reaching for their bearish playbooks—because nothing gets crypto traders more excited than ominous shapes on a graph.