Bitcoin Cash Price Prediction: Will BCH Price Jump to the North?
The Bitcoin Cash price has been showing a bit of resistance at its current level of $280.4. Here are the key statistics and levels to watch:
- Bitcoin Cash price now – $280.4
- Bitcoin Cash market cap – $5.5 billion
- Bitcoin Cash circulating supply – 19.4 billion
- Bitcoin Cash total supply – 19.4 billion
- Bitcoin Cash Coinmarketcap ranking – #14
- Resistance levels: $400, $420, $440
- Support levels: $170, $150, $130
Currently, BCH/USD is moving sideways and trading within the 9-day moving average. However, if it breaks above the upper boundary of the channel, we may see a significant increase in price with resistance levels at $400, $420, and $440.
The Relative Strength Index (14) indicates a consistent bullish run, suggesting a possible upward movement in the near future. However, a bearish step back could bring the price back below the moving average, potentially reaching support levels of $170, $150, and $130.
Against Bitcoin, the bulls are keeping the market price above the moving averages. If the buyers hold the current price of 936 SAT, we could see the Bitcoin Cash price touch the resistance level of 1400 SAT and above. However, sliding below the moving averages could lower the price to the support level of 500 SAT and below.
In conclusion, the Bitcoin Cash price prediction indicates potential bullish trends if it breaks above the upper boundary of the channel. Additionally, keep an eye on Wall Street Memes ($WSM), a new contender in the crypto community that has raised almost $13m in a successful presale.
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