Bitcoin Cash (BCHUSD) Price Surpasses the $490.00 Resistance Level

Bitcoin Cash (BCHUSD) Price Forecast: June 27

The BCHUSD market value is gaining traction, as it surpasses the $497.00 resistance level, struggling to recover from the recent market downturn. The coin continues to face buying pressure as broader crypto market correction continues. Therefore, if the bulls’ pressure breaks the peak supply level of $500.80, the coin price may increase further to a $502.53 high trend line, bringing a downpour of gains to coin buyers.

Key Levels:
Resistance Levels: $495.00 $496.00, $497.00
Support Levels: $274.00, $273.00, $272.00

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

Today, BCH’s price surpasses the $490.00 supply level as it struggles to recover from the recent broader crypto market downturn. The price is above the EMA line, indicating a bullish market.
However, the previous action at the $469.82 high level in the last few days has contributed to the crypto’s upward strength.

As the daily chart begins today, the price of Bitcoin Cash surpasses the $490.00 supply and holds the $494.25 supply level above the EMA-50, impacting market trends with mixed performance across key cryptocurrencies, leading to intraday gains.

However, if the recovery picks up steam, the bullish sentiment can propel it closer to the previous high of $500.80.

Additionally, the BTCUSD pair indicates the continuation of bullish sentiment on the daily signal as it crosses $490.00. In light of this, the next bulls’ target might be the $502.53 high level in the days ahead on its long-term outlook.

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

Bitcoin Cash crosses the $480.00 high mark despite the interference of short-term traders in the price flow in its medium-term outlook.
The coin price is recovering from its recent lows, suggesting a bullish momentum. Thus, buyers are gradually and steadily gaining more strength.

Actions from the long traders at a $453.96 value in the last few hours have increased the crypto price in recent times.

As the 4-hourly chart opens today, more buying pressure has enabled the price of BCHUSD to rise from $479.78 to a supply level of $482.39 above the moving averages, encouraging buyers to climb the trend even higher.

However, if buy traders increase their price actions and all the current support level holds, there is a chance that the price of Bitcoin Cash will rise even more. As it surpasses the $480.00 in its medium-term forecast, a psychological key level at the $502.53 supply level may be reached shortly.

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