BCH is seesawing around the $600 mark, with bulls and bears entering a critical stage of the tug-of-war.

[Crypto World] BCH has been oscillating repeatedly in the $590-$600 range, with clear resistance around $600—there are as many as 1,615 BCH sell orders stacked up there. Technically, things don’t look bad: the EMA is trending upwards, the MACD is also turning positive, and bullish signals are fairly clear.

However, whether it can really break through depends on the trading volume. There’s solid buying support at $580.50 and $561, with nearly 9,000 BCH propping up those levels. Right now, it’s a tug-of-war between bulls and bears—the bulls want to push up, while bears are defending the $600 mark fiercely. In the short term, it’ll either break out with volume and move up a level, or continue grinding within this range.