{"id":245271,"date":"2019-12-31T14:33:28","date_gmt":"2019-12-31T19:33:28","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=245271"},"modified":"2019-12-31T14:35:12","modified_gmt":"2019-12-31T19:35:12","slug":"bitcoin-cash-price-prediction-bch-usd-crashes-again-price-settles-below-210-level","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-cash-price-prediction-bch-usd-crashes-again-price-settles-below-210-level","title":{"rendered":"Bitcoin Cash Price Prediction: BCH\/USD Crashes Again; Price Settles Below $210 Level"},"content":{"rendered":"

BCH Price Prediction \u2013 December 31<\/strong><\/p>\n

Yesterday, BCH\/USD formed a support level at $207.99; currently heading below where it closed yesterday. Today, the coin is trading under selling pressure; gives no signs of recovery.<\/p>\n

BCH\/USD Market<\/h4>\n

Key Levels:<\/p>\n

Resistance levels: $225, $235, $245<\/p>\n

Support levels: $180, $170, $160<\/p>\n

\"\"<\/a>
BCHUSD – Daily Chart<\/figcaption><\/figure>\n

Since the beginning of this week, most of the major coins of the crypto market have been recording losses for quite some time now. Moreover, the BCH\/USD<\/a> price is crashing down even harder as it currently trades at $264.58. The price trend of BCH\/USD is having more inversely trading red candles leading to loss-making investments.<\/p>\n

Meanwhile, analyzing the daily movement of BCH\/USD for the past 10 days, we see that the coin has started the month by trading at $217.88, after which it recorded two higher highs constantly. BCH\/USD was unable to hold the volatility; the downtrend led the coin to trade at $171.21, recording a fall of over 15% from the monthly high price mark of $220.47.<\/p>\n

However, BCH\/USD is changing hands at $202.90 and trading above the 9-day and 21-day moving averages, if the market price drops further, the coin could slump to the support levels of $180, $170 and $160, bringing the price to a new monthly low. Meanwhile, a strong buying pressure may push the price to the resistance level of $215. While trading at $220, a bullish continuation is likely to touch the $225, $235 and $245 resistance levels.<\/p>\n

The RSI (14) of the coin is at 49.28 level and could move in sideways before deciding on the next direction.<\/p>\n

Today, the Bitcoin Cash has made an attempt to rise against Bitcoin but as it appeared, there’s a low amount of buying pressure in the market which is why the price dropped after it rose today. As the market opens today, the BCH\/BTC broke the trend line of the ascending channel and touched the resistance level of the 2929 SAT.<\/p>\n

\"\"<\/a>
BCHBTC – Daily Chart<\/figcaption><\/figure>\n

However, the bulls may be trying to stop the selling pressure but the resistance in this range is at 3000 SAT and above while the support is at 2830 SAT, a bearish continuation may touch 2700 SAT and 2600 SAT supports. Furthermore, a breach could slump the market to 2500 SAT support, creating a new low below the channel. The RSI (14) indicator after reaching 60-level made a quick turn to the south, which may likely give more bearish signals.<\/p>\n

Please note:<\/strong> Insidebitcoins.com<\/a> is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

BCH Price Prediction \u2013 December 31 Yesterday, BCH\/USD formed a support level at $207.99; currently heading below where it closed yesterday. Today, the coin is […]<\/a><\/div>","protected":false},"author":1742,"featured_media":245272,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[7634,8304,7648,7992],"class_list":["post-245271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bch","tag-bchusd","tag-bitcoin-cash","tag-technical-analysis"],"acf":[],"yoast_head":"\nBitcoin Cash Price Prediction: BCH\/USD Crashes Again; Price Settles Below $210 Level<\/title>\n<meta name=\"description\" content=\"Yesterday, BCH\/USD formed a support level at $207.99; currently heading below where it closed yesterday. 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