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The Bitcoin Cash price prediction adds another tremendous 8.04% gain, and it is trading around the $274.6 resistance level.
Bitcoin Cash Prediction Statistics Data:
- Bitcoin Cash price now – $274.6
- Bitcoin Cash market cap – $5.3 billion
- Bitcoin Cash circulating supply – 19.6 million
- Bitcoin Cash total supply – 19.6 million
- Bitcoin Cash Coinmarketcap ranking – #17
BCH/USD Market
Key Levels:
Resistance levels: $310, $320, $330
Support levels: $230, $220, $210
BCH/USD is fetching a decent hike in the last 24 hours, which takes the coin above the resistance level of $274 level. The coin spiked above the upper boundary of the channel to touch the daily high of $287.80. Meanwhile, BCH/USD is one of the most emerging coins in the market at the moment, and it is likely to touch $300 in the coming days as its next resistance.
Bitcoin Cash Price Prediction: BCH/USD May Gain More Upsides?
The Bitcoin Cash price is trading above the 9-day and 21-day moving averages within the channel. On the upside, if the price breaks above the upper boundary of the channel and closes above it, BCH/USD may likely continue its uptrend and could reach the resistance levels of $310, $320, and $330.
On the contrary, if the 9-day moving average slides below the 21-day moving average, there is a tendency for the bears to return to the market, and this may likely cause the market price to hit the nearest support levels at $230, $220, and $210 respectively.
BCH/BTC Faces the North
Against Bitcoin, the Bitcoin Cash price has been moving northwards above the 9-day and 21-day moving averages. The recent rise could allow the cryptocurrency to break above the upper boundary of the channel, which is a promising sign for buyers.
From below, if the bears break below the moving averages, the critical support could be located at 500 SAT and below. However, the nearest resistance level now lies above the channel. Therefore, further resistance could be found at 800 SAT and above. Meanwhile, the 9-day MA crosses above the 21-day MA which is a promising sign for the bulls as the momentum is on their side.
Bitcoin Cash Alternatives
The Bitcoin Cash price may create more bullish trends once the coin crosses above the upper boundary of the channel, and this is noticeable as the 9-day moving average crosses above the 21-day moving average to keep the coin on the positive side.
Meanwhile, Bitcoin Cash (BCH) is ranked 17th in the crypto world with a $5.3 billion market cap but faces profit limitations due to its size. Meanwhile, traders are increasingly interested in Bitcoin Minetrix (BTCMTX), a unique Bitcoin alternative that has amassed nearly $6.9 million in its presale, sparking investment considerations.
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