Bitcoin Cash (BCH) Price Analysis: BCH Breaches the $380 Overhead Resistance as the Market Reaches the $467 High

Key Highlights
The bulls have broken the $380 overhead resistance
BCH has risen to a high of $467

Bitcoin Cash (BCH) Current Statistics
The current price: $414.11
Market Capitalization: $8,696,292,777
Trading Volume: $8,906,489,958
Major supply zones: $400, $420, $440
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis January 4, 2021
BCH bulls have broken the $380 overhead resistance as the market reaches a high of $434. On January 3, the uptrend reached a high of $467 but was resisted. BCH fell to the support above $380 and resumed a fresh uptrend. BCH is rising and approaching the $440 price level. BCH will attain a new high of $520 if the $440 resistance is breached.

Bitcoin Cash Technical Indicators Reading
Bitcoin Cash is above the 80% range of the daily stochastic. The coin is in a bullish momentum. The SMAs are sloping northward indicating an uptrend. The price bars above the SMAs indicating that the crypto will rise.

Conclusion
The Fibonacci tool has indicated an upward movement of the coin. On December 28 uptrend; the retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that BCH is likely to rise and reach level 1.272 Fibonacci extension and reverse. That is the coin will rise to a high of $407.68.


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