Bitcoin Cash Price Prediction: BCH/USD Hits $692 Resistance ByAzeez MustaphaPRO INVESTOR Updated: 29 August 2021 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. Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Cash Price Prediction – August 29 The Bitcoin Cash price prediction reveals that BCH is hovering above the moving averages as indicated by the technical indicator RSI (14). BCH/USD Market Key Levels: Resistance levels: $750, $800, $850 Support levels: $550, $500, $450 BCHUSD – Daily Chart Buy Bitcoin Cash Now BCH/USD peaks at $692 today, after which it couldn’t maintain the trend as the price drops and consolidates around the 9-day 21-day moving averages. However, for the price not to reflect above the resistance level of $700 ruins the long-term technical picture of the coin. Therefore, the Bitcoin cash will have to move back to $700 to increase the buying pressure while the closest resistance expects the coin at $695, which could be the daily high. Bitcoin Cash Price Prediction: Bitcoin Cash May Expand More At the time of writing, the Bitcoin Cash is currently hovering above the 9-day and 21-day moving averages but a movement towards the south may likely push the coin to the support levels of $550, $500, and $450. From above, a sustained movement across the upper boundary of the channel may create momentum for the bulls with the focus to move the market to the next resistance levels of $750, $800, and $850 respectively. At the time of writing, the technical indicator Relative Strength Index (14) signal line is moving to cross above 60-level, which indicates that BCH/USD may continue to trade bullishly. Meanwhile, looking at the daily chart, the 9-day MA must not cross below the 21-day MA for the buyers to concentrate on stirring action to the north. When compares with BTC, following the trade for the past few days, bulls have shown a great commitment to BCH trading by following the recent positive sign. Furthermore, the current market trend may continue to go up if the buyers can sustain the pressure further. BCHBTC – Daily Chart However, if the bulls succeeded in pushing the coin above the upper boundary of the channel, the market price may likely reach the next resistance level of 1550 SAT and above. On the contrary, a retest could allow the pair to go below the 9-day and 21-day moving averages and lower the price to the support level of 1200 SAT and below. However, the technical indicator Relative Strength Index (14) is likely to cross above 50-level, suggesting additional bullish signals into the market. Looking to buy or trade Bitcoin Cash (BCH) now? Invest at eToro! Buy Bitcoin Cash Now 75% of retail investor accounts lose money when trading CFDs with this provider Join Our Telegram channel to stay up to date on breaking news coverage