{"id":277996,"date":"2020-11-23T20:38:23","date_gmt":"2020-11-24T01:38:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=277996"},"modified":"2020-11-24T02:10:49","modified_gmt":"2020-11-24T07:10:49","slug":"bitcoin-cash-bch-price-prediction-november-24-2020","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-cash-bch-price-prediction-november-24-2020","title":{"rendered":"Bitcoin Cash Price Prediction: BCH\/USD Overruns the Resistance Levels, Targets the $340 High"},"content":{"rendered":"\r\n

Bitcoin Cash (BCH) Price Prediction \u2013 November 24, 2020<\/strong>
Bitcoin Cash rebounded as price breaks the $280 overhead resistance. The coin is trading now in the bullish trend zone. The upside momentum has continued as price breaks above $320. BCH\/USD<\/a> is likely to rally above $340 if the current momentum is sustained. In the BCH\/BTC, the crypto is recovering from the downtrend after a rebound.

Key Levels:<\/strong>
Resistance Levels:<\/strong> $280, $320, $340
Support Levels: $200, $160, $120<\/p>\r\n

\"\"<\/a>
BCH\/USD – Daily Chart<\/figcaption><\/figure>\r\n

Bitcoin Cash is out of a downward correction after the recent rebound. The bulls broke the $280 overhead resistance on November 23. The overhead resistance has been the major impediment to BCH’s upward move. The crypto has gained price acceleration as the price broke the $320. On the upside, if buyers push BCH above $320, the coin will rally above $340. Also, the coin will be out of the bear market. The crypto will continue the sideways move below the recent high if buyers fail to break the resistance at $320. In the meantime, buyers have continued to push the coin on the upside. Today, BCH is trading at $330 at the time of writing.<\/p>\r\n

Bitcoin Cash Indicator Analysis<\/strong>
The resistance line of the ascending channel has been broken in the recent price surge. When the price breaks and closes above the resistance line, it indicates that there is a change in trend. The coin is at level 71 of the Relative Strength index period 14. It indicates the coin is in the overbought region of the market.<\/p>\r\n

\"\"<\/a>
BCH\/BTC – Daily Chart<\/figcaption><\/figure>\r\n

In the BCH\/BTC chart, the market has reached bearish exhaustion as the crypto rebounded at the bottom of the chart. On November 5 downtrend; the retraced candle body tested the 78.6 % Fibonacci retracement level. It indicates that the coin will fall and reverse at level 1.272 Fibonacci extensions or the low of \u02430.013616 low. The Fibonacci tool analysis indicated that BCH\/BTC will reverse at level 1.272 but the reversal will not be immediate.<\/p>\r\n","protected":false},"excerpt":{"rendered":"

Bitcoin Cash (BCH) Price Prediction \u2013 November 24, 2020Bitcoin Cash rebounded as price breaks the $280 overhead resistance. The coin is trading now in the […]<\/a><\/div>","protected":false},"author":1742,"featured_media":278043,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[7634,10034,7648,8009],"class_list":["post-277996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bch","tag-bch-usd","tag-bitcoin-cash","tag-price-prediction"],"acf":[],"yoast_head":"\nBitcoin Cash Price Prediction: BCH\/USD Overruns the Resistance Levels, Targets the $340 High<\/title>\n<meta name=\"description\" content=\"Bitcoin Cash rebounded as price breaks the $280 overhead resistance\" \/>\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\/277996\" \/>\n<meta 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