Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Key Highlights
BCH rebounds to reach the high of $236
The crypto will rise and reach a target price of $262
Bitcoin Cash (BCH) Current Statistics
The current price: $374.33
Market Capitalization: $42,286,793,421
Trading Volume: $12,239,205,708
Major supply zones: $325, , $350,$375
Major demand zones: $200, $175, $150
Bitcoin Cash (BCH) Price Analysis October 12, 2020
October 8, BCH rebounded above $222 support as the coin reached a high of $236. The coin was earlier in a tight range between $215 and $222. The range has been broken with the recent breakout. The coin has continued to make impressive moves as it breaks above the 50-day SMA.
On the upside, the bulls have continued with the bullish momentum and are attempting to break above the $250 high. This will accelerate price movement to previous highs. In other words, BCH will rise to a high of $280. Conversely, if the bulls fail to break above the $250 high, the market will fall to a sideways move for a few more days. Today, Bitcoin Cash is trading at $239 at the time of writing.
Bitcoin Cash Technical Indicators Reading
BCH resumes bullish momentum as it breaks above the 21-day and the 50-day SMA. The coin is above 70% range of the daily stochastic. It is in a bullish momentum but will soon reach the overbought region. BCH may fall in the overbought region.
Conclusion
Today BCH is making a fresh uptrend to the previous highs. In the last uptrend of September 27, the coin was resisted. The retraced red candle body tested the 50% Fibonacci retracement level. With this retracement, the coin will rise and reach the 2.0 Fibonacci extension level. In other words, BCH will reach a high of $263.98.
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
- 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
