{"id":289577,"date":"2021-05-19T09:36:42","date_gmt":"2021-05-19T13:36:42","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=289577"},"modified":"2021-05-20T12:05:49","modified_gmt":"2021-05-20T16:05:49","slug":"bitcoin-cash-price-prediction-bch-usd-falls-sharply-to-touch-800-support","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-cash-price-prediction-bch-usd-falls-sharply-to-touch-800-support","title":{"rendered":"Bitcoin Cash Price Prediction: BCH\/USD Falls Towards Support At $800"},"content":{"rendered":"\r\n

Bitcoin Cash Price Prediction \u2013 May 19<\/strong><\/em>
There has been a significant drop in the BCH\/USD market. The crypto asset now trades 12.48% lower on a 24-hour view, currently priced at $855.

BCH\/USD Market<\/strong>
Key Levels:<\/strong>
Resistance levels: $1,000, $1,200, $1,400
Support levels: $800, $700, $600

BCH\/USD \u2013 Daily Chart<\/strong>
The BCH\/USD daily chart has again witnessed a notable decline between its two SMA trading zone.<\/p>\r\n

Today\u2019s trading operation has succumbed to a downward pressure by the emergence of a bearish candlestick taking its form closely below the smaller SMA downward to the point of $800 where the bigger SMA is situated playing a supportive role on a long bullish running of the crypto-market.<\/p>\r\n

The 14-day SMA trend-line is now slightly bent to the south above the 50-day SMA indicator. The Stochastic Oscillators are in the oversold region moving in a consolidation manner to still suggest that a declining pressure is ongoing.
\"bitcoin<\/a>
Will the BCH\/USD price decline further?<\/strong><\/em>
As the support lower trading level of $800 of the BCH\/USD<\/a> market has been only touched, bulls may start bracing up for repositioning of their entries in the near time.<\/p>\r\n

However, the rate of market downward pressure currently may still have about three or more bearish candlesticks to form around the bigger SMA needed to occur to give a clearer picture of what their positioning entry would be.

As regards the downside, the current forces are intense to the extent that a larger support space level is traded past to the south. Bears are now expected to keep their pushes under the market line of $1,000 on a long-run outlook.<\/p>\r\n

Failure to hold the crypto market below that level, price may resume a gradual rebounding movement that will potentially pave way for upsides\u2019 return in the market.<\/p>\r\n


\"bitcoin<\/a><\/p>\r\n

Bitcoin Cash price prediction: BCH\/BTC Price Analysis<\/h2>\r\n

On the BCH\/BTC daily price chart today, a bearish candlestick is in the making on a higher notable outlook to suggest a stronger push against the base crypto is in the loom by the flagship counter paring tool. As of writing, the smaller SMA and the bullish trend-line have touched from the top by the bearish candlestick.<\/p>\r\n

The 50-day SMA indicator is located below them pointing to the north path. The Stochastic Oscillators are in the oversold region with closed hairs. If the closed hairs are remained in the region closed, it means that there will be consolidation moves that will be in favour of the counter instrument.<\/p>\r\n

<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Cash Price Prediction \u2013 May 19There has been a significant drop in the BCH\/USD market. The crypto asset now trades 12.48% lower on a […]<\/a><\/div>","protected":false},"author":1742,"featured_media":289642,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[10035,10034,7992],"class_list":["post-289577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bch-btc","tag-bch-usd","tag-technical-analysis"],"acf":[],"yoast_head":"\nBitcoin Cash Price Prediction: BCH\/USD Falls Towards Support At $800<\/title>\n<meta name=\"description\" content=\"Our bitcoin cash price prediction sees support at the $800 level for the BCH\/USD market. 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