Bitcoin Cash Price Prediction: BCH/USD Marks an Intraday Hike; Price Trades at $226 ByAzeez MustaphaPRO INVESTOR Updated: 09 September 2020 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Join Our Telegram channel to stay up to date on breaking news coverage BCH Price Prediction – September 9 Bitcoin Cash (BCH) is showing an amazing intraday hike as it rises from a daily low of $218 to currently trading above $226. BCH/USD Market Key Levels: Resistance levels: $255, $265, $275 Support levels: $190, $180, $170 BCHUSD – Daily Chart BCH/USD is trading around $226 at the time of writing. The Bitcoin Cash is also seen focusing on the bullish momentum after a sustainable break above an important technical level. More so, the coin is already gaining over 2% since the beginning of the day as it is using $215 support as a jumping-off ground to develop the upside momentum, which is now gaining traction. What to Expect from Bitcoin Cash (BCH) On the upside, if BCH/USD cross above the red-line of the 9-day moving average, the market price may break through the resistance level of $245 and $250 respectively. Meanwhile, the technical indicator is showing that the bulls are ready for action especially when the up-trending RSI (14) begins but the MA is yet to give any bullish sign. Moreover, any further bullish movement above the 21-day moving average may pave the way to the resistance levels of $255, $265, and 275. Nevertheless, if the price falls below the lower boundary of the channel, the market may be compelled either to a range-bound or begin a downward movement. This may likely serve as a major blow for the market sentiments as traders could interpret it as a sign of underlying weakness. The next important support may come at $215, which may be followed by $190, $190, and $170 support levels. As revealed in the daily chart, against BTC, the bears have shown a little commitment to BCH trading. Following the recent negative sign, the trend may continue to follow the downtrend if the buyers failed to push the price above the 9-day and 21-day moving averages. BCHBTC – Daily Chart However, as the RSI (14) is hovering around 35-level, once it moves above this level, the market price may likely resume an upward trend to touch the resistance level of 0.0235 BTC and 0.0240 BTC but a retest could lower the price to 0.0205 BTC and 0.0200 BTC support levels. Join Our Telegram channel to stay up to date on breaking news coverage