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bitcoin Cash price prediction adds a tremendous 7.35% gain and the coin touches the resistance level of $277.46.
bitcoin Cash (BCH) Trades Bullish After Facing Challenges
bitcoin Cash (BCH) has found it difficult to maintain its price consistency, fluctuating within the range of $234 to $235 over the past week, experiencing a modest 0.2% rally. However, bitcoin Cash (BCH) is showing signs of relief, holding a range between $246 and $277 respectively.
bitcoin Cash Prediction Statistical Data:
- bitcoin Cash price now: $266.0
- bitcoin Cash market cap: $5.28 billion
- bitcoin Cash circulating supply: 19.6 million
- Total bitcoin Cash supply: 19.6 million
- bitcoin Cash Coinmarketcap Ranking – #20
BCH/USD Market
Key levels:
Resistance levels: $300, $320, $340
Support levels: $220, $200, $180
BCH/USD is making a decent rise in the last 24 hours, taking the coin towards the $280 resistance level. He bitcoin-cash/”>bitcoin cash The price is likely to cross above the upper boundary of the channel if the bulls increase the buying pressure. Meanwhile, BCH/USD is one of the most emerging coins in the market right now, and is likely to touch $280 in the coming days as its next resistance.
bitcoin Cash Price Prediction: Would bitcoin Cash Get More Advantages?
bitcoin Cash price is trading above the 9-day and 21-day moving averages within the channel. On the positive side, if the price breaks the upper boundary of the channel and closes above it, BCH/USD is likely to continue its uptrend and reach the resistance levels of $300, $320, and $340.
On the contrary, if the bulls fail to hold the coin above the 9-day and 21-day moving averages, the bears tend to return to the market, and this will likely cause the market price to reach the nearest support. levels of $220, $200 and $180 respectively.
BCH/btc looks north
Against bitcoin, bitcoin Cash price is seen heading north as the coin moves to cross above the 9-day and 21-day moving averages. The recent surge could allow the cryptocurrency to break above the upper boundary of the channel, which is a promising sign for buyers.
Meanwhile, if the bears break below the moving averages, critical support could be located at 4400 SAT or below. However, the nearest resistance level now lies above the channel as more resistance could be found at 6400 SAT and above. Meanwhile, the 9-day MA is still below the 21-day MA, which may keep the currency lower.
crypto Usman alerted his followers on X (formerly Twitter) about the possible $BCH leak attempt. Highlighting $243 as a significant resistance level, he anticipates a bullish rise upon its breakout. Stay alert and keep an eye on this development!
$BCH trying to escape.
We have $243, an important resistance zone.
Once the price breaks this level, we will see a pump.
Take a look at it .crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto #CRYPTOCURRENCIES #CryptoRevolution #cryptotrade pic.twitter.com/ZjBgoeSjyS
– crypto Usman (@CryptoUsmaan) February 8, 2024
bitcoin Cash Alternatives
bitcoin Cash's possible uptrend awaits by breaking out of the channel, as indicated by the 9-day moving average surpassing the 21-day average. Despite bitcoin Cash's significant market capitalization and its ranking of $5.28 billion and 20th place in the cryptocurrency market, bitcoin Minetrix (BTCMTX) reshapes cryptocurrency mining with its cloud platform, offering safety and profitability. With the pre-sale of BTCMTX exceeding $10.6 million, now is the best time to invest in this innovative company.
bitcoin Minetrix ICO Reaches $10 Million Investment – Is This the Next 10x Winner in crypto?
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