Bitcoin Cash Price Prediction for Today, September 3 – BCH Technical Analysis

bitcoin Cash price prediction shows that BCH may head towards the lower boundary of the channel which could then set up into consolidation.

bitcoin Cash Prediction Statistics Data:

• Current bitcoin Cash Price: $313
• bitcoin Cash Market Cap: $6.17 Billion
• bitcoin Cash circulating supply: 19.75 million
• Total bitcoin Cash supply: 19.75 million
• bitcoin Cash Coinmarketcap Rank: #15

Assessing a cryptocurrency’s potential often benefits from early investment. For example, bitcoin Cash (BCH), with a current 24-hour low of $311.42 and a high of $325.87, has seen dramatic fluctuations over time. It hit an all-time high of $4,355.62 on December 20, 2017, reflecting a 92.82% drop from that peak. In contrast, it hit an all-time low of $75.08 on December 15, 2018, but has since surged over 316% from that low. This historical performance highlights both the token’s volatility and its significant recovery potential.

BCH/USD Market

Key levels:

Resistance Levels: $400, $420, $440

Support levels: $240, $220, $200

bitcoin-cash/”>BCH/USD has been trading inside a descending channel, finding a significant resistance level at $313This level has historically served as both support and resistance, making it a crucial barrier for BCH. Recently, the price attempted to break out of the moving averages but was rejected at the $326 level, emphasizing the strength of this resistance.

bitcoin Cash Price Prediction: BCH Price Could Consolidate Below Moving Averages

Despite the recent rejection, bitcoin Cash price has formed several bullish patterns, including a breakout of a long-term descending wedge. This pattern suggests a potential upward move, but the price is now testing the $311 level that has provided strong support. However, this support is critical as a breakout could lead to further declines, potentially testing the lower support of the channel at around $250. Any further downtrend could reach the critical supports at $240, $220, and $200.

However, if BCH manages to break out of its current descending channel, the next significant resistance level to watch out for could be around $360. A break above this level could initiate a rally towards this target, offering substantial upside potential for traders. Meanwhile, if there is an increase in buying pressure, the price can break down towards the channel to reach the $380 resistance. While trading at that level, a bullish continuation could reach the $400, $420, and $440 resistance levels respectively.

BCH/btc continues to move downwards

Against bitcoin, bitcoin Cash is likely to continue the bearish move as the bears continue to show serious commitment within the market. Based on the recent negative signal, the bearish trend may continue as long as the buyers fail to push the price above the 9-day and 21-day moving averages.

However, the 9-day moving average remains below the 21-day moving average, which confirms the bearish move. Therefore, any further downtrend could reach the support level of 4300 SAT and below, but a bullish crossover above the upper boundary of the channel can propel the price to the resistance level of 6500 SAT and above.

Meanwhile, towards the end of August, @HBVT8375 updated his followers on x (formerly twitter) on the future of $BCH. He noted that if $BCH closes the month above $400, similar to the previous month, it could signal the start of a major uptrend. However, if it falls short of that mark, he advised accumulating more $BCH in preparation for further gains. This strategic outlook emphasizes the importance of the $400 level as a key indicator for potential bullish momentum in the market.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”8.5161290322581″>

August is coming to an end. Whether twitter.com/search?q=%24BCH&src=ctag&ref_src=twsrc%5Etfw”>$BCH will close this month above $400 like the previous month. If so, there will be a big bull run. twitter.com/search?q=%24BCH&src=ctag&ref_src=twsrc%5Etfw”>$BCH It's ahead. If not, buy more. photo.twitter.com/mhkCchqtW4

— LEO68 (@HBVT8375) twitter.com/HBVT8375/status/1829336966879740299?ref_src=twsrc%5Etfw”>August 30, 2024

Alternatives to bitcoin Cash

bitcoin Cash is at a pivotal point, with potential for significant price movements dependent on its ability to break the key resistance at $350 and maintain its uptrend support. At the same time, Pepe Unchained is attracting considerable market interest, with over $150,000 in recent inflows, setting it apart from other meme coins such as Shiba Inu and Dogecoin. With a lower market cap, strong investor confidence, and over $11.7 million raised in its pre-sale, Pepe Unchained presents a promising investment opportunity.

Pepe Unchained This is a must-have meme coin. Here's why

Having raised over $11.7 million and attracting significant daily inflows, Pepe Unchained is becoming one of the most prominent cryptocurrencies on the market. Its advanced layer-2 blockchain offers fast transaction speeds, low fees, and a dedicated block explorer. With projections indicating a potential 100x increase by 2025 and an annualized ROE of 193%, $PEPU presents an attractive investment opportunity.Strong market interest and positive forecasts make now an excellent time to invest in Pepe Unchained, positioning it as a promising asset in your investment portfolio.

Visit Pepe Unchained

Related news

The Most Wanted Cryptocurrency Launch: Pepe Unchained

• Layer 2 Meme Coin Ecosystem
• Featured on Cointelegraph
• SolidProof and Coinsult audited
• Rewards for participation – pepeunchained.com
• Over $10 million raised in ICO: ending soon