Bitcoin Cash (BCH) Is in a Sideways Move, Faces Rejection at $550


Key Highlights
BCH breaks level $496 and removes upward move
BCH/USD consolidates above $496

Bitcoin Cash (BCH) Current Statistics
The current price: $499.55
Market Capitalization: $10,490,653,578
Trading Volume: $10,490,653,578
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis September 27, 2021

Bitcoin Cash’s (BCH) price has been fluctuating above the $470 support. The bears have retested the BCH support thrice but are unable to break it. Also, BCH’s price has earlier corrected upward but faced rejection at $550 high. The altcoin is confined in a range between $470 and $550. Meanwhile, on September 21 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that BCH will fall to level 1.618 Fibonacci extension or level $374.74.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The crypto is at level 35 of the Relative Strength Index period 14. The coin is in the downtrend zone and approaching the oversold. In the oversold region, buyers are likely to emerge. The 21-day and 50-day SMAs are sloping downward indicating a downtrend. The crypto is above the 40% range of the daily stochastic. This indicates a bullish momentum which is contrary to the price action.

BCH is in a downward move. The bears have broken the previous low and resumed upward. The upward correction is facing rejection at the recent high. Meanwhile, on September 22 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that BCH will fall to level 1.272 Fibonacci extension or level $455.50.

BCH/USD – 4 Hour Chart

You can purchase crypto coins here. Buy Tokens

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.