If buyers manage to do that, the rise is likely to continue to the $150 zone. Such a scenario is relevant until the end of the week.A similar situation can be seen on the daily chart, as the candle is about to close above the level of $141.7, formed by a false breakout.
If that happens and the bar closes with no long wicks, the upward move may lead to the test of the $160 zone shortly.From the midterm point of view, traders should pay attention to the upper level at $156.8. If the test of it occurs, one can expect continued midterm growth to $200 and above as BCH has been in the accumulation zone for around a year.
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