Bitcoin Cash (BCH) Preparing for a Breakout Move

BCH is currently trading inside a rising wedge structure, where price keeps creating higher lows while struggling to clear the upper resistance. This pattern often appears before a decisive expansion in volatility, either as a continuation or as a reversal depending on how the breakout occurs.

Recent price action shows rejection at the upper boundary, followed by a pullback into a fib cluster between 0.382 and 0.786. This zone acts as a short term decision point, where the next directional move is likely to originate.

The market structure remains constructive as long as BCH holds above the rising wedge support. A controlled retracement into the grey demand block keeps the bullish case intact, while a deeper breakdown would shift momentum in favour of sellers.

Key Technical Notes:
• Rising wedge structure guiding current trend
• Clear fib retracement confluence inside the demand block
• Higher lows indicate buyers are still defending structure
• Breakout above the wedge can trigger an impulsive move
• Breakdown from wedge support opens a larger correction

Bullish Scenario:
A bounce from the fib cluster and a breakout above the wedge resistance can open a rapid expansion toward the 720 region. Momentum would accelerate if buyers reclaim the mid channel levels with strength.

Bearish Scenario:
Losing wedge support flips the entire structure short. In that case, BCH may slide toward 446 where major liquidity sits.

In simple terms:
BCH is compressing inside a rising wedge. A breakout means continuation toward 720, while a breakdown exposes 446. Watch the fib cluster for confirmation of direction.