- Bitcoin Cash price is seeing a strong breakout and can soon test a new high. It is up by more than 5% in the intraday session
- BCH may see a breakout for the $800 soon in the future. Meanwhile, BCH/BTC pair is up by more than 1.89% in the past 24 hours
BCH crypto price is seeing a bullish momentum and can soon see a new high in the future. Bitcoin cash price has seen a gain of more than 5% in the intraday session and is trading near the value of $575. BCH is closely correlated to Bitcoin and follows its momentum. BCH momentum might see a strong resistance while going upwards can be seen near $650.
The support region of the coin can be seen near the value of $450. The BCH/BTC pair can also observe a new high in the upcoming days. One can invest in BCH as per their needs and risk adversity.
Bitcoin cash price is moving above the 100 and below 50 DMA. The 100 DMA price is near $569 and can soon see a strong momentum. If the coin price jumps above the 50 DMA then a strong upside momentum can be observed. One can forecast that the BCH price may soon hit a new high in the future
BCH’s market dominance along with market cap is seeing a strong recovery and can soon attain the previous levels. Bitcoin cash price is down by more than 80% from its all-time high. The volume to market capitalization ratio of the Bitcoin cash hints towards a strong upside momentum.
BCH Crypto Price Bulls Are Ready To Take It To A New High
The weekly technical chart of BCH price hints towards a consolidated momentum in price. On the daily chart, the price is looking to see a new breakout in the future. If BCH price jumps 15 to 20% above the current level then a strong upside momentum can be seen.
The volume indicator for BCH is also seeing a strong surge which is pushing the price to a new high. If the Bitcoin cash price goes above $700 then a strong inflow in volume can be seen.
Bitcoin cash price is currently seeing a strong upside momentum and can soon see a new high in the future. BCH/BTC pair can also observe a new high in the future.
Major Support: $600