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The Bitcoin Cash price prediction is starting to move up as the coin is slightly indicating the immediate resistance level.
Bitcoin Cash Price Prediction: Whale’s $13 Million Trade Could Push BCH to $500
On May 3, the price of Bitcoin Cash (BCH) rose above $440, breaking a streak of five consecutive days of decline. With the remarkable resilience of whale investors, could this momentum propel BCH’s recovery above $500 in the coming days?
Bitcoin Cash Prediction Statistics Data:
- Bitcoin Cash price now – $445.84
- Market cap of Bitcoin Cash – $9.2 billion
- Bitcoin Cash Circulating Supply – 19.7 Billion
- Total supply of Bitcoin Cash – 19.7 billion
- Bitcoin Cash Coinmarketcap Ranking – #15
BCH/USD market
Key Levels:
Resistance levels: $650, $670, $690
Support levels: $230, $210, $190
BCH/USD is moving sideways as the coin could rise towards $450. After the recent price drop Bitcoin cash currently trading below the 9 and 21 day moving averages. However, a break towards the upper limit of the channel is likely to produce a huge green candle to the upside, and this could lead Bitcoin Cash to reach the resistance levels of $650, $670 and $690.
Bitcoin Cash Price Prediction: Bitcoin Cash Price May Jump North
Bitcoin Cash price seems to be following the bullish movement; it has shown uneven movement with several rises and falls. Meanwhile, BCH/USD has been able to maintain a consistent bearish run as the 9-day moving average remains below the 21-day moving average. Nevertheless, a precise bullish cross above the moving averages could reveal more buying signals for the market, and it could soon start showing signs of an upward move in the market.
On the contrary, a bearish move back is likely to roll the market below the lower limit of the channel, with a possible break to the $230, $210, and $190 support levels, which could mark a new low for the market. Moreover, trading volume is slowly increasing as this is a sign of an upcoming big move.
BCH/BTC consolidates below the moving averages
Against Bitcoin, the BCH bulls are showing a commitment by pushing the market price above the 9- and 21-day moving averages. After the recent negative sign, Bitcoin Cash’s price could drop if sellers put further pressure on the market.
However, as the 9-day moving average remains below the 21-day moving average if the buyers increase pressure, the Bitcoin Cash price could touch the resistance level of 10,000 SAT and above, but sliding below the lower limit of the channel would see the price can reduce. price to the support level of 5000 SAT and below.
@MarketSpotter, sharing insights with his 40.6k followers on X (formerly Twitter), highlighted the attention of Bitcoin Cash ($BCH) traders! $BCH is approaching a potential recovery from the $350 – $360 support zone. If Signal Dynamics Pro signals a buy soon (green triangle), we will start accumulating #BCH.
Attention Bitcoin Cash traders! $BCH is close to a recovery from the $350 – $360 support.
If Signal Dynamics Pro shows a buy signal (green triangle) soon, we will start accumulating #BCH. pic.twitter.com/o20JuoVS3o
— Marktspotter (@MarketSpotter) May 2, 2024
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