Bitcoin Cash (BCH) Assumes Another Target - learn2trade
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Bitcoin Cash (BCH) Assumes Another Target

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Azeez Mustapha

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The Bitcoin Cash market has registered a price increase of just 3.73%. However, this was enough to suggest that the market may already be eyeing a key psychological resistance level.

Bitcoin Cash Statistics

Current Price: $630.7

Market Capitalization: $12.6B

Circulating Supply: 19.97M BCH

Total Supply: 19.97M BCH

CoinMarketCap Rank: 11

Key Levels

Resistance: $650, $700, $759

Support: $600, $550, $500

Bitcoin Cash (BCH) Assumes Another Target

Bitcoin Cash Bulls Are Marching On, Two Sessions in a Row

The BCH market has been in the green for two consecutive sessions. The ongoing session places the coin trading at a higher level above the 9-day Exponential Moving Average (EMA) line.

The Stochastic Relative Strength Index (SRSI) indicator lines are also poised upward after an upside crossover occurred below the 50 mark.

Albeit, the corresponding price candle for the current session suggests there has been some bearish reaction, as indicated by the appearance of an upper shadow on the latest price candle.

Bitcoin Cash (BCH) Assumes Another Target

BCH Buyers Are Acting Quickly

Yes, the Bitcoin Cash market seems to have seen a modest pullback, as presented in the previous session on the 4-hour price chart. Yet, the current session suggests that buyers have started acting.

Bitcoin Cash Poised to Advance Electronic Payments

The community is fully committed, highly focused, and driven to achieve every milestone—positioned to deliver practical peer-to-peer electronic cash that serves everyone on a daily basis. With minimal fees, near-instant transactions, and continuous innovation, Bitcoin Cash stands ready for widespread global adoption.

BCH Buyers Are Acting Quickly (Continued)

The SRSI indicator lines had earlier approached a bearish crossover, but buying activity seems to have averted that.


This view is supported by the appearance of a green price candle above the 9-day EMA curve on the 4-hour price chart. Consequently, traders can aim for the $650 and $700 levels.

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