Bitcoin Cash Price Prediction: BCH Breaks Past $750 Psychological Level

Last Updated July 23rd 2021
2 Min Read

Daily Bitcoin Cash BCH Technical Analysis
  • Bitcoin Cash price under bullish control for five straight days.
  • The parabolic SAR in the 4-hour chart has reversed from bearish to bullish.

The Bitcoin Cash price has had five straight bullish days wherein it has risen from $490 to $760, gaining around $270 in overall valuation. Let’s take a closer look with technical analysis.


Bitcoin Cash Price Rises From $490 to $760

During this rise in Bitcoin Cash price, it has flipped critical levels at $670 and $715 from resistance to support. Plus, the relative strength index (RSI) has pushed BCH into the overbought zone. This could trigger a bearish correction.

bch/usd daily chart 021621

Image: BCH/USD daily

However, the Bitcoin Cash price shows a lack of strong resistance barriers upfront, which shows that BCH still has room to grow. On the downside, there is a healthy support wall at $715. So, if a bearish correction does occur, it will likely fall to the $715 line, which is robust enough to absorb a lot of selling pressure.

bch/usd volume chart 021621

Image: IntoTheBlock

The 4-hour Bitcoin Cash price chart shows two strong buy signals in this time frame:

  1. The parabolic SAR has reversed from bearish to bullish.
  2. The MACD shows increasing bullish market momentum.

bch/usd 4-hour chart 021621

Image: BCH/USD 4-hour


Bitcoin Cash Price Is Expected To Reach These Levels

The Bitcoin Cash price has enough room to grow till $800. However, if a bearish correction does occur, BCH will likely find support at $715.

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