Bitcoin Cash Price Analysis: BCH Crosses Over Critical Level

Last Updated July 23rd 2021
1 Min Read

Daily Bitcoin Cash BCH Price Forecast
  • Bitcoin Cash Price crossed the $500 psychological level this Monday.
  • The MACD shows that market momentum from negative to positive.

On March 26, BCH jumped up from its $475 support wall. Over the last 48 hours, the Bitcoin Cash price went up from $495 to $530 – gaining almost $35 in its overall valuation.

Bitcoin Cash Price Re-enters $500 Psychological Level

Bitcoin Cash price managed to flip the 20-day SMA from resistance to support. The RSI shows that BCH still has some space to grow before it gets overpriced. The MACD shows that the market momentum is about to flip bearish to bullish.

bch/usd daily chart 033121

Image: BCH/USD daily

The most immediate resistance barrier is at the 50-day SMA($550). Previously, at this level, nearly 115,000 addresses had purchased a little over 680,000 BCH tokens

bch/usd volume chart 033121

Image: IntoTheBlock

Bitcoin Cash Is Expected To Reach These Levels

Bitcoin Cash price will touch the 50-day SMA ($550).

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