Bitcoin in cash
It was negotiated in a relatively close range in the last 24 hours, closing at $ 505.96 at 17:13 UTC on July 9, 0.43%more, according to the technical analysis model of Cindensk Research.
After opening at $ 503.82, Bch fluctuated between an intradic minimum of $ 497.85 and a maximum of $ 509.48, maintaining a firm position above the threshold of $ 500 during the session.
The most notable price action occurred during the first hours of negotiation, when Bch quickly rose from $ 501.54 to a peak of $ 514.24. This movement coincided with an explosion in the volume of negotiation, which reached 64,585 units at 02:00 UTC, almost four times the average of 24 hours of 16,708 units, suggesting the accumulation of large holders. After this increase, the price was consolidated in a stricter band between $ 505 and $ 510, repeatedly testing about $ 505 and resistance about $ 510 without going out in any direction.
In the last hour, BCH exhibited a constant increase of a brief fall at $ 505.73, progressing at $ 506.88 for closing the session. A series of higher minimums during this interval further emphasized the upward inclination of the market, although the activity remained off, indicating disciplined positioning instead of speculative trade.
TECHNICAL ANALYSIS
- BCH quoted within an intra -range of 2.34%, between $ 497.85 and $ 509.48.
- The prior rupture of dawn reached $ 514.24 before resolving consolidation.
- The volume increased to almost 4x average at 02:00 UTC, which suggests accumulation.
- The support remained about $ 505, while the resistance limits about $ 510.
- The final time showed constant ascending bias in the commercial activity of light.
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