Bitcoin Cash Price Prediction: BCH/USD Bulls Ready for $350 Resistance ByAzeez MustaphaPRO INVESTOR Updated: 09 February 2022 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. Bitcoin Cash Price Prediction – February 9 The Bitcoin Cash price prediction keeps recovering from the low of $328 level as the price remains within the short-term bullish trend. BCH/USD Market Key Levels: Resistance levels: $440, $460, $480 Support levels: $240, $220, $200 BCHUSD – Daily Chart Buy Bitcoin Cash Now BCH/USD is in the hands of the bulls as the coin trades above the 9-day and 21-day moving averages. However, due to a lack of buying power, the bulls may need to gather enough momentum to push the coin above the upper boundary of the channel. The technical indicator Relative Strength Index (14) is moving to cross above 60-level with the signal line pointing to the north for more bullish signals. Bitcoin Cash Price Prediction: Bitcoin Cash May Hold the Current Price Looking back at the recent dip of $330, the Bitcoin Cash price is ready to break into the upside as the 9-day moving average is crossing above the 21-day moving average. However, the more the bulls pressurized the bears, the higher the coin would reach. Therefore, if the bulls maintain the upward trend, BCH/USD may continue with the bullish movement which could take the coin to the resistance levels of $440, $460, and $480. On the other hand, any strong selling pressure may drag the price below the moving averages if the bears step back into the market, and should BTC trade below the daily opening price of $335.84, a bearish movement could take the price to the supports of $240, $220, and $200. Against Bitcoin, the Bitcoin Cash is likely to cross above the 21-day moving average as the bulls increase their entries into the market. At the time of writing, the Bitcoin Cash price has not been able to push the price upward, but it is currently trading at 775 SAT. If the Bitcoin cash signals a more bullish rally, it may likely meet resistance at 860 SAT and above. BCHBTC – Daily Chart Looking at the daily chart, traders can say that the market may resume an uptrend as the technical indicator Relative Strength Index (14) moves above 40-level. More so, BCH is likely to break above the 21-day moving average where it consolidates. On the contrary, if the coin drop below the lower boundary of the channel, the price may find support at 670 SAT and below. Looking to buy or trade Bitcoin Cash (BCH) now? Invest at eToro! Buy Bitcoin Cash Now 68% of retail investor accounts lose money when trading CFDs with this provider Read more: How to buy Bitcoin Cash How to buy Cryptocurrency
