Bitcoin Cash (BCHUSD) Price Sits in a Bullish Territory at $548.76 Mark

Bitcoin Cash (BCHUSD) Price Forecast: November 28

Today, the BCHUSD price is at the bullish territory. The coin is gaining traction towards the upper range, signaling strong market optimism. The crypto price sends a clear buy trade at $548.76 mark, indicating buyers are making solid progress. As pointed out, a positive close above the peak barrier level of $615.91 could accelerate to the upper resistance value of $650.91, bolstering recovery in the growing market.

Key Levels:
Resistance Levels: $549.00 $550.00, $551.00
Support Levels:     $442.00, $441.00, $440.00

BCH (USD) Long-term Trend: Bullish (Daily Chart)

Over the past 24 hours, Bitcoin Cash prices have experienced a notable surge, leading to a broader market rally in its higher time frame.
The price is in a bullish trend above the EMA, indicating bullish momentum. The upward trend will likely continue as the bulls’ volume increases.

The bulls’ pressure to the $563.40 high point in the last session enabled the crypto’s price to start another uptrend. It moved above the resistance level from its recent high.

After completing yesterday’s low at $516.32, the BCHUSD price increased to a $548.76 high above the EMA-50, approaching the overhead resistance on the long-term chart today, indicating that buyers are actively trading for bullish expansion at this level.

Thus, if this bullish growth pattern is steady, an established uptrend to $615.91, the prior supply value will be achieved, signaling a potential buy signal or opportunity for coin traders.

In addition, due to an upward momentum shown by the price indicator, Bitcoin Cash may continue to soar, reaching the upper resistance of $650.00, offering a good entry opportunity in its long-term outlook.

BCH (USD) Medium-term Trend: Bullish (4H Chart)

Despite the inflow of short traders, the BCHUSD price is going long on the medium-term chart.
The price currently trades above the EMA line, making higher highs and moving towards the major upper resistance area.

The successful breakout by the bulls to the $528.22 supply value during yesterday’s session has enabled the price to go long and retain its bullish strength lately.

The Bitcoin Cash price rallied and sits at $548.76 above the EMA-50 as the 4-hourly chart resumes today, signaling a possible bullish continuation.

Thus, a possible breakout above the current supply could propel the crypto price towards the $567.86 peak, offering strong resistance to the asset.

Notably, the BCHUSD price is rising again and may continue as suggested by the daily signal pointing upwards.

Therefore, the next bullish rally might reach the $590.00 upper resistance trend line in its medium-term outlook.

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