Bitcoin Cash Price Prediction for Today, July 7: BCH/USD Price Hangs Around $280

Updated: 07 July 2023

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The Bitcoin Cash price prediction upsurge astounds intraday traders as the coin indicates a bit of the immediate resistance level.

Bitcoin Cash Prediction Statistics Data:

Bitcoin Cash price now – $280.4
Bitcoin Cash market cap – $5.5 billion
Bitcoin Cash circulating supply – 19.4 billion
Bitcoin Cash total supply – 19.4 billion
Bitcoin Cash Coinmarketcap ranking – #14

BCH/USD Market

Key Levels:

Resistance levels: $400, $420, $440

Support levels: $170, $150, $130

Bitcoin Cash Price Prediction for Today, July 6: BCH/USD Price Hangs Around $280 — BCHUSD – Daily Chart

BCH/USD is moving sideways as the coin could rise toward $305. Following the recent price drop, Bitcoin Cash is currently trading within the 9-day moving average. However, a break above the upper boundary of the channel may likely produce a huge green candle to the upside, and this may cause Bitcoin Cash to reach the resistance levels at $400, $420, and $440 levels.

Bitcoin Cash Price Prediction: Bitcoin Cash Price May Jump to the North

The Bitcoin Cash price seems to follow the same direction; it has been showing an uneven movement with several rises and falls. BCH/USD has been able to maintain a consistent bullish run as the Relative Strength Index (14) remains within the overbought region, a precise bullish cross might reveal more buy signals for the market, and it may continue to show signs of an upward movement in the market soon.

On the contrary, a bearish step back is likely to roll the market back below the 9-day moving average with a possible breakdown to the support levels of $170, $150, and $130 which could establish a new low for the market. Moreover, the trading volume is rising slowly as this is giving a sign of an upcoming big move.

Against Bitcoin, the BCH bulls are showing a strong commitment by keeping the market price above the 9-day and 21-day moving averages. Following the recent negative sign, the Bitcoin Cash price may go down if the sellers put more pressure on the market further.

However, as the Relative Strength Index (14) remains within the overbought region if the buyers hold the current price of 936 SAT, the Bitcoin Cash price could touch the resistance level of 1400 SAT and above but sliding below the moving averages could lower the price to the support level of 500 SAT and below.

Bitcoin Cash Alternatives

According to the daily chart, the Bitcoin Cash price may create more bullish trends once it crosses above the upper boundary of the channel, and this is noticeable for the technical indicator Relative Strength Index (14) as the signal line keeps moving within the overbought region.

On that note, as the crypto community continues to ride the wave of meme coins, a new contender is turning heads, which is Wall Street Memes ($WSM). During a massively successful presale that has now raised almost $13m, Wall Street Memes ($WSM) has positioned itself as a token with the potential to erupt.

New OKX Listing - Wall Street Memes

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