Bitcoin Cash (BCHUSD) Soars past Crucial Level

Bitcoin Cash (BCHUSD) Price Forecast: June 21

The BCHUSD market value is gaining traction, soaring past the crucial level with a robust bullish trend and innovative tokenization, signaling strong market optimism. The crypto gave a bullish breakout from the $496.67 value amidst market correction and a recovery attempt, suggesting buyers are making solid progress. Consequently, if the crypto’s price remains above the mentioned resistance, the possible rally could accelerate to the $500.00 upper resistance level, hinting at a potential bullish continuation and intraday gains for buyers.

Key Levels:
Resistance Levels: $495.00 $496.00, $497.00
Support Levels: $266.00, $265.00, $264.00

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

The long-term market value of Bitcoin Cash gets to a steady bullish momentum as prices soar past crucial levels and remain firm above the trend mark, suggesting a high bullish impact on the token. The upward trend will continue following the increasing volume of the bulls.
The bulls’ successful breakout to the $463.26 high level in the last few days has contributed to the crypto price going long at its recent high.

The BCHUSD price soars past the crucial level. Buyers pushed the token price to the $496.67 supply mark above the EMA-50 to open today’s daily chart, trying to replenish the bullish momentum.

Thus, if this bullish growth pattern is steady, an established uptrend will be achieved if it closes above the current high of the day.

In addition, due to the upward momentum shown by the price indicator, Bitcoin Cash may continue to soar to reach the $500.00 upper high level soon, offering a good buy entry opportunity in its long-term outlook.

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

The Bitcoin Cash uptick move is poised to hit the upper high level as it soars past crucial levels on the medium-term chart.
The price currently trades above the EMA, making higher highs and moving towards the upper resistance area.

The successful breakout by the bulls to the $469.31 supply value in the last action has contributed to the coin market going long and retaining its bullish strength lately.

Today, the BCHUSD price trades at a $496.67 high value above the EMA-50 as the chart opens, resulting in an intraday gain.

Hence, a stable breakout from the current supply may propel the coin price toward the overhead resistance, indicating a strong possibility for a bullish correction.

Notably, the Bitcoin Cash price is increasing, and this may continue as suggested by the daily signal pointing upwards. Therefore, we expect the upward rally to reach the $500.00 upper resistance trend line on its medium-term outlook.

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