Bitcoin Cash Price Prediction: BCH Breaks Past $750 Psychological Level
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.
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.
The 4-hour Bitcoin Cash price chart shows two strong buy signals in this time frame:
- The parabolic SAR has reversed from bearish to bullish.
- The MACD shows increasing bullish market momentum.
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.