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The Bitcoin Cash price prediction adds a tremendous 7.20% gain, and it is trading around the $230 resistance level.
Bitcoin Cash Prediction Statistics Data:
- Bitcoin Cash price now – $230.19
- Bitcoin Cash market cap – $4.48 billion
- Bitcoin Cash circulating supply – 19.5 million
- Bitcoin Cash total supply – 19.5 million
- Bitcoin Cash Coinmarketcap ranking – #16
BCH/USD Market
Key Levels:
Resistance levels: $270, $280, $290
Support levels: $185, $180, $175
BCH/USD is fetching a decent hike in the last 24 hours, which takes the coin above the resistance level of $235 level. The coin is already keeping three straight days of bullish movements. Meanwhile, BCH/USD is one of the most emerging coins in the market at the moment, and it is likely to touch $250 in the coming days as its next resistance.
Bitcoin Cash Price Prediction: Would Bitcoin Cash Gain More Upsides?
The Bitcoin Cash price is trading above the 9-day and 21-day moving averages within the channel. On the upside, if the price breaks above the upper boundary of the channel and closes above it, BCH/USD may likely continue its uptrend and could reach the resistance levels of $270, $280, and $290.
On the contrary, if the technical indicator Relative Strength Index (14) fails to cross above the 70-level, there is a tendency for the bears to return to the market, and this may likely cause the market price to hit the nearest support levels at $185, $180, and $175 respectively.
BCH/BTC Faces the North
Against Bitcoin, the Bitcoin Cash price has been moving northwards above the 9-day and 21-day moving averages. The recent rise could allow the cryptocurrency to break above the upper boundary of the channel, which is a promising sign for buyers.
From below, if the bears break below the moving averages, the critical support could be located at 700 SAT and below. However, the nearest resistance level now lies above the channel. Therefore, further resistance could be found at 1000 SAT and above. Meanwhile, the Relative Strength Index (14) is moving to cross into the overbought region which is a promising sign for the bulls as the momentum is on their side.
Bitcoin Cash Alternatives
According to the daily chart, the Bitcoin Cash price may create more bullish trends once the coin crosses above the upper boundary of the channel, and this is noticeable for the technical indicator Relative Strength Index (14) as the signal line moves to cross into the overbought region.
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