{"id":278754,"date":"2020-12-02T10:11:02","date_gmt":"2020-12-02T15:11:02","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=278754"},"modified":"2020-12-02T10:11:02","modified_gmt":"2020-12-02T15:11:02","slug":"bch-usd-market-28","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bch-usd-market-28","title":{"rendered":"Bitcoin Cash Price Prediction: BCH\/USD Crosses above $295 Resistance Level, What Next?"},"content":{"rendered":"

BCH Price Prediction \u2013 December 2<\/h4>\n

The Bitcoin Cash upward direction is revealing as the bull gains momentum.<\/p>\n

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

Key Levels:<\/p>\n

Resistance levels: $340, $360, $380<\/p>\n

Support levels: $240, $220, $200<\/p>\n

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

BCH\/USD<\/a> is hovering at $293.74 after touching the daily at $298, the coin is seen focusing on the bullish momentum after a sustainable break above the 21-day moving average. More so, the coin gains 1.95% within 24 hours as it is using the trend-line at $270 support as a jumping-off ground to develop the upside momentum.<\/p>\n

What to Expect from BCH\/USD<\/h4>\n

Looking at the daily chart, BCH\/USD price action is now following the upward movement but a retracement move may reach the closest support level at $270 before the rally begins. Therefore, if bounce up failed, the retracement might last to the $250 support level. However, bear dominance may be increasing by volume. Yesterday\u2019s spike was much-anticipated for, and confirmation for bear-run. The next key support levels are located at $240, $220, and $200.<\/p>\n

Looking at it positively, if BCH\/USD stays above the 9-day and 21-day moving averages, the market price may likely break-through another resistance at $300 and $320 respectively. Meanwhile, the technical indicator shows that the bulls are still in control as the signal line remains above the 50-level. Therefore, further bullish movement may pave the way to the resistance levels of $340, $360, and 380.<\/p>\n

When compares with BTC, the Bitcoin Cash is range-bound as the market may begin to move sideways while it remains under the 9-day and 21-day moving averages within the descending channel while the technical indicator RSI (14) moves above the 40-level.<\/p>\n

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

Meanwhile, the bearish continuation may begin to increase the selling pressure. And if the bears succeeded in dominating the market, BCH\/BTC may likely fall to the support level of 0.130 BTC and below. Meanwhile, a rebound could push the price above the moving averages, and crossing above the upper boundary of the channel may increase it to the resistance level of 0.0180 BTC and above.<\/p>\n","protected":false},"excerpt":{"rendered":"

BCH Price Prediction \u2013 December 2 The Bitcoin Cash upward direction is revealing as the bull gains momentum. BCH\/USD Market Key Levels: Resistance levels: $340, […]<\/a><\/div>","protected":false},"author":1742,"featured_media":278755,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[7634,8304,7648,7992],"acf":[],"yoast_head":"\nBitcoin Cash Price Prediction: BCH\/USD Crosses above $295 Resistance Level, What Next?<\/title>\n<meta name=\"description\" content=\"The Bitcoin Cash upward direction is revealing as the bull gains momentum.\" \/>\n<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/278754\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Cash Price Prediction: 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