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Bitcoin Cash Price Prediction: BCH/USD Remains Above $210 After Declining by More Than 0.89%

Bitcoin Cash Price Prediction: BCH/USD Remains Above $210 After Declining by More Than 0.89%

Last Updated on December 3, 2019

BCH Price Prediction – December 3

BCH/USD seems to have a support level at $210; gearing up for a rebound.

BCH/USD Market

Key Levels:

Resistance levels: $235, $245, $255

Support levels: $190, $180, $170

BCHUSD – Daily Chart

Since yesterday, Bitcoin Cash has been ranging between $212 to $224 levels and currently, the coin is aiming to trade above $215. Over the last two days, BCH/USD has gone through a substantial price fall. BCH coin was firmly above $223 when it opened on the last day of November, and it slipped below $221 before noon. Continuing the decline, the coin closed as low as $218.19. Yesterday, after touching a support level at $209, the Bitcoin Cash had shown a price escalation above $216.

Moreover, Bitcoin Cash has maintained a downward trend for the better part of today. Over the past few days, the highest recorded Bitcoin Cash (BCH) value was approximately $215 and it dropped almost suddenly in less than an hour to go below the $215 level. The market broke down today, reaching its lowest daily level at $211. The current performance of the coin in the market is below the normal expectations of traders and the coin could soon recover from these downtrends.

However, if the market drives below the $200 support, the BCH price may likely see support levels at $190, $180 and $170, bringing the price to a new low. Meanwhile, a strong buying pressure may take the price to $255 resistance. While trading at $255, a bullish continuation may likely reach the resistance levels of $235, $245 and $255. In other words, the RSI (14) is near 37 moving in the same direction.

Comparing with Bitcoin, the daily chart reveals that the traders are yet to show a strong commitment to buying in the market. Meanwhile, in as much as the bulls turn strong now, we may expect the market to skyrocket to the resistance levels of 0.0300 BTC and 0.0305 BTC.

BCHBTC – Daily Chart

In addition, the 0.0280 BTC and 0.0275 BTC levels may likely produce support for the market should in case the buyers couldn’t push the price to the north. The BCH/BTC pair may continue to remain in a downward range while the MACD signal lines are already on the negative side.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Bitcoin Cash Price Prediction: BCH/USD Trades Around $215, More Pain May Likely Play Out

Bitcoin Cash Price Prediction: BCH/USD Trades Around $215, More Pain May Likely Play Out

Last Updated on November 23, 2019

BCH Price Prediction – November 23

Bitcoin Cash (BCH) resumed downward trends after hitting $305 a few weeks ago. The coin is driven by the bearish sentiments that dominate the market.

BCH/USD Market

Key Levels:

Resistance levels: $240, $260, $280

Support levels: $180, $160, $140

BCHUSD – Daily Chart

The price of Binance Cash (BCH) is currently disappointing for many traders. The coin started the downtrend a few weeks ago and still has not recovered. The BCH/USD price is trading below the moving averages of 9-day and 21-day while the price chart is immersed in red color. More so, there does not seem to be any sign of improvement with the intraday price movement which encourages traders to rethink their investment option.

Moreover, the Bitcoin Cash has continued to drop further lower until finding support at the expected level of $204.38. During yesterday’s trading, we can see that BCH/USD even spiked lower into support at $196.47 breaking the lower boundary of the channel. If the sellers start to push the market further lower once again, bears can expect immediate support to be located at $195 level.

However, up till yesterday, the BCH/USD pair opened the market with $226.80 and closed at $208.34. Today, the price took a steep walk from $208.34 to where it is trading currently at $215.23 by 3.23%. The significant resistance levels are $240, $260 and $280 but if the price experiences a break below the $190 support level, it could cause a bearish wave and beneath this, further supports could be found at $180, $160 and $140 levels respectively.

The Stochastic RSI for BCH is already in the oversold zone; possible buying pressure is likely if it turns upward.

Against Bitcoin, the BCH price has been decreasing since November 13. How long will this decrease continue? The BCH price is trading towards the 9-day moving average within the descending channel. The long-term moving average is very close to making a bullish cross. The price may likely make a head and shoulders pattern.

BCHBTC – Daily Chart

From above, if the buyers can move the price above 3000 SAT, higher resistance lies at 3080 SAT and 3180 SAT. Moreover, should the bulls fail to move it above the aforementioned levels, then, the nearest level of support toward the downside lies at 2730 SAT and 2630 SAT while the RSI (14) moves above the level 40, which shows that the buyers may likely step back into the market.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Bitcoin Cash Price Prediction: BCH/USD Crashes Hard; Price Settles Below $265

Bitcoin Cash Price Prediction: BCH/USD Crashes Hard; Price Settles Below $265

Last Updated on November 16, 2019

BCH Price Prediction – November 16

BCH/USD trades at the lowest price in the past 10 days. The coin swings in the strong selling zone and has no grounded support from the short-term moving averages.

BCH/USD Market

Key Levels:

Resistance levels: $292, $302, $312

Support levels: $240, $230, $220

BCHUSD – Daily Chart

Since the beginning of this week, most of the major coins of the crypto market have been recording losses for quite some time now. Similarly, the BCH/USD price is crashing down even harder as it currently trades at $264.58. The price trend of BCH coin is having more inversely trading red candles leading to loss-making investments.

Meanwhile, analyzing the daily movement of BCH/USD for the past 10 days, we see that the coin has started the month by trading at $282.77, after which it recorded two higher highs constantly. BCH/USD was unable to hold the volatility; the downtrend led the coin to trade at $264.58, recording a fall of 12% from the monthly high price mark of $306.33.

However, BCH/USD is changing hands at $264.58 and if the market price drops further, the coin could slump to the support levels of $240, $230 and $220, bringing the price to a new monthly low. Meanwhile, a strong buying pressure may push the price to the resistance level of $280. While trading at $290, a bullish continuation is likely to touch the $292, $302 and $312 resistance levels

The RSI of the coin is at 45.88 level and could move in sideways before deciding on the next direction.

Comparing with Bitcoin, BCH performance has been very low due to a recurring bearish sentiment which has caused the market to fall drastically. As the price falls, sellers are posing an additional threat for buyers to reach the support level of 0.0310 BTC where the nearest target is located. However, an eventual break below the lower side of the channel may cause the coin to collapse more.

BCHBTC – Daily Chart

However, for a positive upsurge, the 0.0334 BTC and 0.0344 BTC are the major resistance levels for the coin for now. Therefore, a negative spike could retest the important support at the 00.0293 BTC and 0.0283 BTC before a possible slip to 0.0273 BTC. The trading volume is fading away while the stochastic RSI is entering into the oversold zone, waiting for buying pressure when the indicator faces up.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Bitcoin Cash Price Prediction: BCH/USD Succumbs to Sideways Movement; Price Hovers Around $285

Bitcoin Cash Price Prediction: BCH/USD Succumbs to Sideways Movement; Price Hovers Around $285

Last Updated on November 12, 2019

BCH Price Prediction – November 12

Bitcoin Cash (BCH) seems to be caught between the bull and the bear, while the price of the cryptocurrency fluctuates in sideways.

BCH/USD Market

Key Levels:

Resistance levels: $315, $325, $335

Support levels: $260, $250, $240

BCHUSD – Daily Chart

Bitcoin Cash and other few selected cryptos remain in the green while the majority of digital assets are in the red. The Asian session illuminated the crypto landscape with all digital assets recording minor gains. However, the momentum is not strong enough to support the movements to the north, hence the current slump.

Meanwhile, BCH/USD is currently trading at $285; the daily chart shows that the coin is trading in-between the 9-day and 21-day moving averages within the ascending channel. As at the time of writing, the market price nosedive towards the lower limit of the channel, issuing a sell signal as the RSI (14) moves under level 60.

Moreover, a minimum swing may likely push the market to a $260 level of support. Exceeding this level could take the bears to $250 and $240 by crossing the lower trend line of the channel. In other words, a high swing may likely take the bulls to a key resistance level of $305. Above this, the coin can possibly trigger a bullish rally which may take the price to $315, $325 and $335 resistance levels.

Against BTC, the market bounces back a few days ago to move above the 9-day and 21-day moving averages. Bitcoin cash has now signaled a bullish rally, and the price is likely to meet the potential resistance at 0.0346 BTC and 0.0356 BTC if pressure rises. In fact, the MACD signal lines are still in the positive side giving some bullish signals.

BCHBTC – Daily Chart

Meanwhile, from the market structure, we can say the bulls have regained control of the market. Before the positive climb start, Bitcoin Cash is likely to retrace to the break level around 0.0324 BTC where it started trading yesterday. Should BCH drops below this consolidation area, the price may find support at 0.0310 BTC and 0.0287 BTC levels.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Bitcoin Cash Price Prediction: The Price Recovery Remains Moderate as BCH/USD Targets $305

Bitcoin Cash Price Prediction: The Price Recovery Remains Moderate as BCH/USD Targets $305

Last Updated on November 9, 2019

BCH Price Prediction – November 9

The BCH bulls are showing commitment as the market approaches the $282 resistance on a retracement move.

BCH/USD Market

Key Levels:

Resistance levels: $318, $328, $338

Support levels: $250, $240, $230

BCHUSD – Daily Chart

When we look at the two straight days of massive declines, BCH/USD is seen on a steady recovery mode so far today, as the weekend love for the cryptocurrencies seems to have returned. The coin bounced-off eleven-day trough of $270.6 reached in Friday’s trading and now trades around $282 level, gaining 2.17% within 24 hours.

Meanwhile, several supports have been useful, including the upward trend line and the 21-day moving average at $265. Despite all these, the price action during the trading hours has been relatively bullish following the ascending channel formation. The Moving Average Convergence and Divergence (MACD) signal a bullish crossover to show that the buyers are still in control of the market.

In addition, BCH/USD seems to pick up its pace and has risen above $294 today before dropping but the coin is still moving above the 9-day and 21-day MA. More so, by observing the movement of the coin, the Bitcoin Cash has been showing an uneven movement with several rises and falls. The traders will discover that the coin has not been able to maintain a consistent bullish run. It is likely the market may start showing some signs of a downward movement slowly from the latter part of the day.

When compared with Bitcoin, the coin is still maintaining an upward movement against Bitcoin at the moment but as it appeared, though trading above the 9-day and 21-day moving averages, the daily chart reveals that there’s a low amount of buying pressure in the market. Bitcoin Cash is waiting for the technical indicator to decide which trend the market will follow as the stochastic RSI moves in sideways.

BCHBTC – Daily Chart

Nevertheless, the bulls are waiting for a break above the 0.326 BTC to touch the nearest resistance level of 0.033 BTC. Similarly, if the bulls fail to push the market upward; it could easily fall to 0.0310 BTC support and the resistance to watch are 0.034 BTC and above. More so, while trading at 0.0310 BTC support, a bearish continuation may touch the 0.0295 BTC and below.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Bitcoin Cash Price Prediction: BCH/USD Descends to $292; Awaits a Price Recovery

Bitcoin Cash Price Prediction: BCH/USD Descends to $292; Awaits a Price Recovery

Last Updated on November 5, 2019

BCH Price Prediction – November 5

Bitcoin Cash continues to lag as the technical indicator suggests that lateral trade will prevail in the short term.

BCH/USD Market

Key Levels:

Resistance levels: $320, $330, $340

Support levels: $260, $250, $240

BCHUSD – Daily Chart

Bitcoin Cash price battled with the bear from the opening hours. The loss in the price was voluptuous. However, BCH/USD is now seen recovering from the heavy price drop. More so, the speculation is that the pair would keep the upsurge intact and bring a flourishing future. A couple of days ago, BCH price was seen touching a high at $303.39 and a low at $284.25.

In addition, BCH/USD seems to be picked up its pace and has risen above $294 today before dropping but the coin is still moving above the 9-day and 21-day MA. However, if we observe the movement of the coin, the Bitcoin Cash has been showing an uneven movement with several rises and falls. We will discover that the coin has not been able to maintain a consistent bullish run. It may start to show signs of a downward movement slowly from the latter part of the day.

On the upside, the bulls could break the initial resistance at the $320 price level, and approach to retest the $330 and $340 resistance levels. The primary support holds ground at $280 while $275 will try to stop overstretched losses in case of a reversal. Therefore the primary supports at $260, $250 and $240 are very important. Meanwhile, the RSI (14) suggest that sideways trading will prevail in the near term.

Against Bitcoin, the price has been rising against Bitcoin a few days ago but as it appeared, though trading above the 9-day and 21-day MA, there’s a low amount of buying pressure in the market. BCH price is waiting for the break above the ascending channel to touch the nearest resistance level of 0.0325 BTC.

BCHBTC – Daily Chart

Meanwhile, should the bulls fail to push the market upward; the price could easily fall to 0.0301 BTC support and the resistance to watch are 0.033 BTC and above. More so, while trading at 0.0301 BTC support, a bearish continuation may touch the 0.0290 BTC respectively.

Furthermore, a breach could slump the market to 0.0280 BTC support, creating a new low below the rising channel. Whereas, the MACD signal lines are still on the positive side giving bullish signals.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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