Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Bitcoin Cash’s price has moved up by 9.28% within 24-hours. Consequently, this has placed it as the second token to have experienced the largest price increase in a day.
However, this market is revealing that despite the impressive performance of buyers in this market, they appear to be losing momentum, which holds notable significance in this market.
Bitcoin Cash Statistics
BCH Value Now: $283.00
BCH Market Cap: $5,529,198,070
Bitcoin Cash Circulating Supply: 19,441,563 BCH
BCH Total Supply: 19,441,563 BCH
Bitcoin Cash CoinMarketCap Ranking: 14
Major Price Levels:
Top: $283.00, $330.00, and $380.00
Base: $253.00, $233.00, and $203.00
Bitcoin (BCH) Bulls Are Bleeding Out
The ongoing session in the Bitcoin Cash daily market maintains that buyers are having the upper hand. This is primarily due to the price increase that has been recorded. The last price candle on this chart has a longer shadow on the buyer’s side than on the seller’s side of the market.
Consequently, this indicates that the sellers are pulling down prices in this market. Additionally, even though the current price level in this market is still above the 9- and 21-day Moving Average (MA) lines, the Relative Strength Index (RSI) lines can be seen running toward the oversold region of the indicator.
Consequently, this further strengthens the suspicion that downward momentum is gradually picking up in this market.
BCH Price Movements Seem to be Eyeing a Support at the $270.00 Mark
The BCH/USDT 4-hour market is revealing the true nature of what was developing on the daily market. Here, it could be seen that price action is picking up bearish momentum gradually.
Over the past 8 hours, two red short-bodied price candles have appeared on the 4-hour chart, which suggests a minor downward correction of prices. The last price candle has brought prices closer to the support formed by the 21-day MA line.
Meanwhile, the lines of the RSI indicator have delivered a downward crossover in the overbought region for this market. Consequently, this further aligns with the prediction of prices approaching lower support around $265.00.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
