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bitcoin Cash price prediction begins to rise as the coin indicates a bit of the immediate resistance level.
bitcoin Cash Price Prediction: Whale's $13 Million Transaction Could Boost BCH to $500
On May 3, the price of bitcoin Cash (BCH) surpassed $440, breaking a streak of five consecutive days of decline. With notable resilience on the part of whale investors, could this momentum drive BCH's recovery beyond $500 in the coming days?
bitcoin Cash Prediction Statistical Data:
- bitcoin Cash price now: $445.84
- bitcoin Cash market cap: $9.2 billion
- bitcoin Cash circulating supply: 19.7 billion
- Total bitcoin Cash supply: 19.7 billion
- bitcoin Cash Coinmarketcap Ranking – #15
BCH/USD Market
Key levels:
Resistance levels: $650, $670, $690
Support levels: $230, $210, $190
BCH/USD is moving sideways as the coin could rise towards $450. After the recent price drop, bitcoin-cash/”>bitcoin cash it is currently trading below the 9-day and 21-day moving averages. However, a breakout towards the upper boundary of the channel can likely produce a huge green candle to the upside, and this may cause bitcoin Cash to hit the $650, $670, and $690 resistance levels.
bitcoin Cash Price Prediction: bitcoin Cash Price May Jump North
bitcoin Cash price seems to follow the bullish movement; has shown an uneven movement with several ups and downs. Meanwhile, BCH/USD has been able to maintain a steady bearish run as the 9-day moving average remains below the 21-day moving average. However, a precise bullish crossover above the moving averages could reveal more buy signals for the market, and could soon start showing signs of a bullish move in the market.
On the contrary, a bearish pullback is likely to roll the market below the lower boundary of the channel with a possible breakout to the $230, $210, and $190 support levels, which could set a new low for the market. Furthermore, the trading volume is slowly increasing as this is a sign that a big move is coming.
BCH/btc consolidates below moving averages
Against bitcoin, BCH bulls are showing commitment by pushing the market price to cross above the 9-day and 21-day moving averages. Following the recent negative sign, bitcoin Cash price may decline if sellers put more pressure on the market.
However, as the 9-day moving average remains below the 21-day moving average if buyers increase pressure, bitcoin Cash price could touch the 10000 SAT resistance level and above but slide below the lower boundary of the channel could reduce the price. price to the support level of 5000 SAT and below.
@MarketSpotter, sharing insights with his 40.6k followers on x (formerly twitter), highlighted the attention of bitcoin Cash ($BCH) traders. $BCH is approaching a possible rebound from the $350 – $360 support zone. If Signal Dynamics Pro signals a buy soon (green triangle), we will start accumulating #BCH.
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Attention bitcoin Cash traders! twitter.com/search?q=%24BCH&src=ctag&ref_src=twsrc%5Etfw”>$BCH is close to a bounce from the $350 – $360 support.
If Signal Dynamics Pro shows a buy signal soon (green triangle), we will start accumulating twitter.com/hashtag/BCH?src=hash&ref_src=twsrc%5Etfw”>#BCH. pic.twitter.com/o20JuoVS3o
– Market Spotter (@MarketSpotter) twitter.com/MarketSpotter/status/1786061901866184973?ref_src=twsrc%5Etfw”>May 2, 2024
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