Bitcoin Cash Price Analysis: BCH/USD bulls rocket to eight-month highs


  • Bitcoin Cash price is trading in the green, with gains of 2.35% in the second half of the session.
  • BCH/USD bulls have been climbing for going on eight sessions now, breaking a barrier at $450. 
  • The price is now trading at the highest levels seen since June 2019. 

 

BCH/USD daily chart

The price is just a final push away from a return into the psychological $500 territory. 

BCH/USD 60-minute chart

Near-term price action at risk of a pullback into the breached 60-minute price range. 

 

Spot rate:                 464.91

Relative change:     +2.35%

High:                         482.62

Low:                          463.93

BCH/USD

Overview
Today last price 471.9271
Today Daily Change 8.1286
Today Daily Change % 1.75
Today daily open 463.7985
 
Trends
Daily SMA20 392.376
Daily SMA50 312.8079
Daily SMA100 271.4386
Daily SMA200 276.4587
 
Levels
Previous Daily High 470.3046
Previous Daily Low 440.7513
Previous Weekly High 458.8958
Previous Weekly Low 368.8466
Previous Monthly High 404.3638
Previous Monthly Low 191.7762
Daily Fibonacci 38.2% 459.0152
Daily Fibonacci 61.8% 452.0407
Daily Pivot Point S1 446.265
Daily Pivot Point S2 428.7314
Daily Pivot Point S3 416.7116
Daily Pivot Point R1 475.8183
Daily Pivot Point R2 487.8382
Daily Pivot Point R3 505.3717

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

BTC/USD risks a drop to $10,500 amid bearish technical set up

Bitcoin (BTC/USD) reversed Friday’s temporary reversal and resumed the previous bounce on Saturday, only to find stiff resistance once around the $10,800 region. A potential rising wedge formation spotted on the hourly chart. Acceptance below 10,693 could revive the bearish bias.

More Bitcoin News

Cardano Price Prediction: ADA bulls to regain control amid golden cross on hourly chart

ADA/USD consolidates the pullback from three-month lows on Saturday. Golden cross formation spotted on the hourly chart; RSI still bullish. Bulls are likely to regain control, eyeing a break above $0.10 mark.

More Cardano News

NEO Technical Analysis: A test of 200-HMA likely on NEO’s road to recovery

NEO/USD witnessed good two-way businesses on Friday, having finally settled in the red after fading a spike above the $23 mark. The buyers have regained control this Saturday, allowing a tepid bounce in the spot.

More NEO News

Crypto Market Update: Bears return on Saturday, Ethereum eyes 8% weekly loss

Sellers return across the crypto board amid quiet Saturday trading. The crypto market looks unconvinced over the recent recovery rally. Ethereum eyes a weekly loss of 8%, the worst performer when compared to its peers, Bitcoin and Ripple.

More Cryptocurrencies News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Keep calm and HODL on until the USA elects the president

Bitcoin (BTC) partially regained the losses incurred at the beginning of the week; however, the upside momentum is still too weak to take the price out of the bearish territory and ensure a sustainable recovery. 

Read the weekly forecast

BTC

ETH

XRP