{"id":275978,"date":"2020-10-26T14:38:12","date_gmt":"2020-10-26T18:38:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=275978"},"modified":"2020-10-26T14:38:12","modified_gmt":"2020-10-26T18:38:12","slug":"bch-usd-market-18","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bch-usd-market-18","title":{"rendered":"Bitcoin Cash Price Prediction: BCH\/USD Slides Below $260 After A Rejection At $273 High"},"content":{"rendered":"

BCH Price Prediction \u2013 October 26<\/strong><\/p>\n

The Bitcoin Cash (BCH) retreats to test $255 support below the 9-day moving average.<\/p>\n

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

Key Levels:<\/p>\n

Resistance levels: $295, $305, $315<\/p>\n

Support levels: $240, $230, $220<\/p>\n

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

At the time of writing, BCH\/USD<\/a> is looking to slow down and settle around the $260 level. The market is breaking down towards the 21-day moving average, touching its lowest daily level at $255.77. The current performance of the coin in the market is below the normal expectations of traders and the coin may continue to follow the downtrend according to the technical indicator.<\/p>\n

Where is BCH Price Going Next?<\/h4>\n

BCH\/USD is currently trading at $260.56; the daily chart shows that the coin is trading around the 9-day moving average within the ascending channel. At the time of writing, the market price could not cross above the upper boundary of the channel before issuing a sell signal as the RSI (14) moves below the 60-level.<\/p>\n

However, a minimum swing below the 21-day moving average may likely bring the coin to a $245 support level. Exceeding this level could take the bears to $240, $230, and $220 levels. In other words, a high swing above the channel may likely take the bulls to a key resistance level of $285. Above this, the coin can possibly trigger a bullish rally which may take the price to $295, $305, and $315 resistance levels.<\/p>\n

When compares with Bitcoin, the last few days has been giving the bears an upper hand in controlling the market. Following the recent negative sign on yesterday and today, BCH\/BTC may continue to follow the downward trend in as much as the sellers keep on pumping more pressure into the market.<\/p>\n

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

Moreover, the market price may likely resume an upward trend if the bulls can hold the price at the 1997 SAT and then cross above the 9-day and 21-day moving averages to hit the resistance level of 2150 SAT and above. However, as the RSI (14) moves below 40-level, a retest could lower the price of the coin to the supports of the 1900 SAT and below.<\/p>\n","protected":false},"excerpt":{"rendered":"

BCH Price Prediction \u2013 October 26 The Bitcoin Cash (BCH) retreats to test $255 support below the 9-day moving average. BCH\/USD Market Key Levels: Resistance […]<\/a><\/div>","protected":false},"author":1742,"featured_media":275979,"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-275978","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 Slides Below $260 After A Rejection At $273 High<\/title>\n<meta name=\"description\" content=\"The Bitcoin Cash (BCH) retreats to test $255 support below the 9-day moving average.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/275978\" 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