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Bitcoin Cash price forecast starts a decent recovery wave above $220 as the coin approaches a major hurdle near $230.
Bitcoin Cash Prediction Statistics Data:
- Bitcoin Cash price now – $223.1
- Market cap of Bitcoin Cash – $4.2 billion
- Bitcoin Cash Circulating Supply – 19.5 Million
- Total supply of Bitcoin Cash – 19.5 million
- Bitcoin Cash Coinmarketcap Ranking – #18
BCH/USD market
Key Levels:
Resistance levels: $260, $270, $280
Support levels: $170, $160, $150
BCH/USD is in the hands of the bulls as the coin remains above the 9 and 21 day moving averages. However, the bulls may need to muster enough energy to push the coin over the upper boundary of the channel. The technical indicator Relative Strength Index (14) is also moving above the 60 level, with the signal line pointing north, suggesting upward movement.
Bitcoin Cash Price Prediction: BCH May Rise Up
Looking at the daily chart, Bitcoin Cash price is poised to break upside as the 9-day MA crosses the 21-day MA. Meanwhile, the more the bulls pressure the bears, the higher the coin would go. Therefore, if the bulls maintain the uptrend, BCH/USD may continue the bullish move that could take the coin towards the USD 260, USD 270 and USD 280 resistance levels.
On the other hand, if the sellers return to the market, any strong selling pressure could drag the price below the moving averages, and if BTC were to trade below the daily opening price of $209.9, a bearish move could push the price towards the support level bringing it to $170, $160 and $150.
BCH/BTC is trading bullish
Against Bitcoin, Bitcoin Cash is above the 9 and 21 day moving averages as the bulls increase their access to the market. At the time of writing, Bitcoin Cash price has failed to push the price above the upper limit of the channel as it is currently trading at 816 SAT. If Bitcoin Cash signals a bullish rally, it could likely encounter resistance at 950 SAT and above.
Nevertheless, traders can see that the market could continue its bullish move as the technical indicator Relative Strength Index (14) moves above the 60 level. In other words, any bearish move towards the lower boundary of the channel could hit the support at 650 SAT and below.
Alternatives to Bitcoin Cash
Bitcoin Cash price is in the hands of the bulls as the coin rises above the 9 and 21 day moving averages. However, the bulls could sustain higher growth, which would lead to a retest of the broken resistance level at $225. The technical indicator Relative Strength Index (14) is likely to rise above the 65 level, with the signal line pointing north for more bullish signals.
In that regard, the Wall Street Memes token has entered its decisive phase, allowing you to invest at the current low pre-sale price before it starts trading on exchanges. As a result, it has raised over $25 million in pre-sales ahead of its official launch in the coming days.
Ending Soon – Wall Street Memes
- Early access presale now live
- Established community of stock and crypto traders
- Featured on Cointelegraph, CoinMarketCap, Yahoo Finance
- Rated best crypto to buy now in the meme coin sector
- Team behind OpenSea NFT Collection – Wall St Bulls
- Tier One Exchange Listings September 27
- Tweets answered by Elon Musk
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