Bitcoin Cash Price Predictions - January 29
Bitcoin Cash's price prediction indicates that BCH is trending sideways, with the short-term outlook preparing for an upward movement.
BCH/USD Market
Key Levels:
Resistance levels: $400, $420 and $440
Support levels: $200, $180, $160
Daily Chart - BCHUSD
Buy Bitcoin Cash Now According the daily chart, the BCH/USD pair is trying to rebound to the positive side. Despite having enough buying power, bulls couldn't sustain any higher growth than the 9-day moving mean. The technical indicator Relative strength Index (14) continues to point north, moving away from the oversold area. The recent dip shows that recovery has been slow but steady, although it was severely limited below $300.
Bitcoin Cash Price Prediction: Bitcoin cash (BCH) may resume uptrend
Bitcoin Cash is trading at $298.97. The immediate downside is protected from the $290 support level. The range of $300 is key to BCH trading. However, moving towards the lower border of the channel could lead you to support levels of $200 and $180. The daily chart shows that sideways trading could be dominating the session. This may continue into the next sessions.
BCH/USD currently faces resistance above the 9-day Moving Average. However, a break above that barrier will likely produce a huge green candle to its upside. This could lead to resistance levels at $4004, $420 and $440.
The market continues to move below the 9-day (and 21-day) moving averages against Bitcoin Cash. The Bitcoin Cash price hovers around 781 SAT at the time of writing. Bitcoin Cash may meet resistance at 870 SAT if it crosses the 9-day and 21 day moving averages.
BCHBTC – Daily Chart
The daily chart shows that the market price will likely follow the downward movement of the Relative Strength Index (14) as it moves within the overbought area, while the signal line is pointing down. Bitcoin Cash may also find support at 700 SAT if it falls below the channel's lower boundary.
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By: Azeez Mustapha
Title: Bitcoin Cash Price Prediction: BCH/USD Rebounds as Price Faces $300 Level
Sourced From: insidebitcoins.com/news/bitcoin-cash-price-prediction-bch-usd-rebounds-as-price-faces-300-level
Published Date: Sat, 29 Jan 2022 21:34:11 +0000
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