The Trust Layer for Market Analysts

The analysis focuses on Bitcoin Cash (BCHUSD). The presenter identifies $512 as a previous support level. He anticipates a breakout to new relative highs, cycle highs potentially reaching $720. The analysis points out that BCHUSD has been in a consolidation phase forming a wedge with higher lows and lower highs. The content highlights that last month, BCHUSD closed above the resistance trendline. The analysis suggests that typical rejections at resistance have changed, leading to the expectation of a breakout. Short-term, a potential drop to $550 or slightly lower is possible, but a fall below $541 is considered unlikely. Target is estimated to be around 1650 and the fail is set to 541. The presenter indicates 2200 to 4300 as the maximum target.