Top 5 cryptocurrencies to watch this week: BTC, BNB, ADA, BCH, LINK

Although the bulls failed to sustain the price above the resistance, they have not given up much ground to the downside.

If the bulls again fail to sustain the price above $14,000, then the short-term traders may dump their positions and the bears could initiate short positions.

The pair is currently attempting to hold above the 10-EMA. If that happens and the bulls succeed in pushing the price above the $13,973.

The bulls are currently attempting to defend the support and push the price above the moving averages.

The bulls have pushed the price above the 10-EMA on the 4-hour chart.

If the bulls can push and sustain the price above the triangle, the BCH/USD pair could move up to $280 and then to $296.87.

The bulls had pushed the price above the resistance line of the symmetrical triangle but they could not sustain the higher levels and the bears have dragged the price back into the triangle.

If the pair bounces off the 50-SMA or the 10-EMA, the bulls will make one more attempt to propel the price above the triangle.

If the price rebounds off this support with strength, the bulls may again attempt to push the pair above $13. This positive view will be invalidated if the bears sink the price below the channel.

If the bears can sink the price below the uptrend line, the pair could drop to the support line of the channel.