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The Bitcoin Cash price prediction adds a tremendous 7.35% gain, and the coin touches the resistance level of $277.46.
Bitcoin Cash (BCH) Trades Bullishly After Facing Challenges
Bitcoin Cash (BCH) has encountered difficulties in upholding its price consistency, fluctuating within the $234 to $235 range throughout the past week, experiencing a modest uptick of 0.2%. Nevertheless, Bitcoin Cash (BCH) is showing signs of relief, maintaining a range between $246 and $277 respectively.
Bitcoin Cash Prediction Statistics Data:
- Bitcoin Cash price now – $266.0
- Bitcoin Cash market cap – $5.28 billion
- Bitcoin Cash circulating supply – 19.6 million
- Bitcoin Cash total supply – 19.6 million
- Bitcoin Cash Coinmarketcap ranking – #20
BCH/USD Market
Key Levels:
Resistance levels: $300, $320, $340
Support levels: $220, $200, $180
BCH/USD is fetching a decent hike in the last 24 hours, which takes the coin toward the resistance level of $280 level. The Bitcoin Cash price is likely to cross above the upper boundary of the channel if the bulls increase the buying pressure. Meanwhile, BCH/USD is one of the most emerging coins in the market at the moment, and it is likely to touch $280 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 $300, $320, and $340.
On the contrary, if the bulls fail to keep the coin above the 9-day and 21-day moving averages, 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 $220, $200, and $180 respectively.
BCH/BTC Faces the North
Against Bitcoin, the Bitcoin Cash price is seen heading northwards as the coin moves to cross 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.
Meanwhile, if the bears break below the moving averages, the critical support could be located at 4400 SAT and below. However, the nearest resistance level now lies above the channel as further resistance could be found at 6400 SAT and above. Meanwhile, the 9-day MA is still below the 21-day MA, which may keep the coin at the downside.
Crypto Usman alerted his followers on X (previously Twitter) about the potential breakout attempt by $BCH. Highlighting $243 as a significant resistance level, he anticipates a bullish surge upon its breach. Stay vigilant and keep an eye on this development!
$BCH trying to breakout.
We have 243$ a major resistance area.
Once price break this level, we will see pump.
Keep an eye 👀 in it.#Crypto #cryptocurrencies #CryptoRevolution #cryptotrading pic.twitter.com/ZjBgoeSjyS
— Crypto Usman (@CryptoUsmaan) February 8, 2024
Bitcoin Cash Alternatives
Bitcoin Cash’s potential bullish trend awaits upon breaking above the channel, signaled by the 9-day moving average surpassing the 21-day average. Despite Bitcoin Cash’s significant market cap and rank of $5.28b and 20th in the crypto market, Bitcoin Minetrix (BTCMTX) reshapes crypto mining with its cloud platform, offering security and cost-effectiveness. With BTCMTX’s presale exceeding $10.6 million, now is the prime time to invest in this innovative venture.
Bitcoin Minetrix ICO Achieves $10M Investment: Is This the Next 10X Winner in Crypto?
As Bitcoin Minetrix gains momentum, it stands out as a pioneering and forward-thinking token. Its innovative decentralized cloud mining platform has garnered significant attention, evident from its impressive presale success, raising nearly $10.7 million. With the presale in full swing, now presents the perfect opportunity to invest in this promising token.
You can benefit from Bitcoin Minetrix today.
Related News
- Bitcoin Cash Price Prediction: BCH Pumps 7%, But Can This New Bitcoin Derivative ICO Replicate BTC’s 1,085% Pump In 5 Years?
- Bitcoin Minetrix Cloud Mining Innovator Sees Presale Rocket Past $10 Million
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