Bitcoin Cash (BCH) Slumps as Bears Attempt to Sink BCH to $450 Low

Azeez Mustapha
20 September 2021 | Updated: 20 September 2021

Key Highlights
BCH drops to $530 low, show signs of further decline
BCH/USD targets the previous low of $450

Bitcoin Cash (BCH) Current Statistics
The current price: $548.88
Market Capitalization: $11,536,191,524
Trading Volume: $6,203,866,980
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis September 20, 2021
Bitcoin Cash’s (BCH) price has fallen to the low of $530 as price breaks below the moving averages. This indicates that BCH is likely to further decline on the downside. The crypto has fallen but it is retesting the previous low of July 31. If price breaks below the $530 support, BCH will further decline to the low of $382.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
BCH price is below the 21-day and 50-day SMAs which suggests the crypto is in the bearish trend zone. The altcoin is capable of falling on the downside. It is also at level 35 of the Relative Strength Index period 14. The coin is in the downtrend zone and approaching the oversold region The crypto is below the 20% range of the daily stochastic. BCH has reached the oversold region. Buyers are likely to emerge.

Conclusion
On the 4 – hour chart, BCH has been in a range-bound move for two weeks. The bears have broken below the previous low of $582 and resumed downward. Meanwhile, on September 7 downtrend, A retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that BCH will fall to level 1.618 Fibonacci extension or level $448.68.

BCH/USD – 4 Hour Chart

You can purchase crypto coins here. Buy Tokens

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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Bitcoin Cash (BCH) Declines to $600 Support, Resumes Uptrend

Azeez Mustapha
13 September 2021 | Updated: 13 September 2021

Key Highlights
BCH revisits previous low at $600
BCH/USD reaches an oversold region

Bitcoin Cash (BCH) Current Statistics
The current price: $611.15
Market Capitalization: $12,885,114,310
Trading Volume: $6,135,845,664
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis September 13, 2021
Bitcoin Cash’s (BCH) price rebounds above $600 as it rallies to $660 high. The altcoin was earlier repelled at $660 as it fell to the previous low. On the daily chart, if bears break below the moving averages, the selling pressure will resume. Similarly, if sellers break below the $600 support, the downtrend will resume. BCH will further decline to $550 low.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The altcoin is at level 45 of the Relative Strength Index period 14. It indicates that the crypto is in the downtrend zone and capable of falling on the downside. The 21-day and 50-day SMAs are pointing northward indicating the uptrend. The crypto is above the 25% range of the daily stochastic. BCH is in a bullish momentum.

Conclusion
BCH has been in a downward move. The altcoin has fallen to the previous low at $600. This was the historical price level of August 27. On August 27, the support at $600 was held as the altcoin resume its upward move. Today, if the same support holds, the crypto will rise to the previous highs.

BCH/USD – 4 Hour Chart

You can purchase crypto coins here.  Buy Tokens



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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Bitcoin Cash (BCH) Reaches Overbought Region, Downtrend Likely

Azeez Mustapha
6 September 2021 | Updated: 6 September 2021

Key Highlights
BCH faces rejection the high of $804
BCH/USD reaches overbought region

Bitcoin Cash (BCH) Current Statistics
The current price: $768.10
Market Capitalization: $16,113,509,748
Trading Volume: $3,921,302,408
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis September 6, 2021
On September 5, Bitcoin Cash (BCH) broke above the $715 resistance and rallied to $804. The altcoin has risen to the overbought region of the market. Bitcoin Cash has limited room to rally as the crypto reaches the overbought region. Today, BCH is falling as the coin reaches the high of $804. On the downside, the altcoin may retrace to the low of $740. The uptrend may resume if the $740 support holds. Otherwise, the selling pressure will reach the low of $700 low. The bullish scenario is that if the uptrend continues, the market will rally above $905.35. As indicated by the Fibonacci tool. However, the current price action will take effect.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The altcoin is at level 70 of the Relative Strength Index period 14. It indicates that the crypto is in the overbought region of the market. The presence of sellers will be attracted in the overbought region. Meanwhile, the cryptos’ price is above the moving averages. The 21-day and 50-day SMAs are pointing northward indicating the uptrend.

Conclusion
BCH is in a downward move. This is because the market has reached the overbought region. The altcoin is facing rejection at the $804 high. Meanwhile, BCH has fallen to the low of $754 and pulled back. Further downsides are possible if the bears break the current support at $754.

BCH/USD – 4 Hour Chart

You can purchase crypto coins here: Buy Tokens


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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Bitcoin Cash (BCH) In a Sideways Move, Faces Rejection at $715

Azeez Mustapha
30 August 2021 | Updated: 30 August 2021

Key Highlights
BCH targets the high of $804
BCH/USD faces strong rejection at level $700

Bitcoin Cash (BCH) Current Statistics
The current price: $648.50
Market Capitalization: $13,457,887,724
Trading Volume: $2,976,721,816
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis August 30, 2021
Bitcoin Cash (BCH) has fallen to $648.67 low. Since August 16, BCH has been in a downward correction after the uptrend was stalled at level $715. Buyers have retested the resistance zones thrice but could not break above the recent high. Yesterday, BCH was repelled as the altcoin dropped to $641 low. BCH will rally above $800 if buyers overcome the $715 resistance. Today, BCH has fallen to the support above 21-day SMA. The market will resume upward if the support holds.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The altcoin is at level 54 of the Relative Strength Index period 14. It indicates that the crypto is in the bullish trend zone and above the centerline 50. BCH is above the 21-day SMA. A break below the 21-day SMA will cause the altcoin to resume a downward move. The 21-day and 50-day SMAs are pointing northward indicating the uptrend.

Conclusion
Following the recent breakdown, BCH is likely to resume an upward move. Meanwhile, on the August 29 uptrend, a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that BCH will rise to level 2.618 Fibonacci extensions or level $ 804.21.

BCH/USD – 4 Hour Chart

You can purchase crypto coins here: Buy Tokens


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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Bitcoin Cash (BCH) Fluctuates Between Levels $620 and $715, Uptrend Likely

Azeez Mustapha
23 August 2021 | Updated: 23 August 2021

Key Highlights
BCH faces rejection at $715
BCH/USD is range bound between $620 and $715

Bitcoin Cash (BCH) Current Statistics
The current price: $671.51
Market Capitalization: $14,101,658,243
Trading Volume: $2,949,463,991
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis August 16, 2021
Binance Coin (BCH) rallied to $715 but resumed sideways move below the resistance. For the past week, buyers have not been able to push the crypto above the resistance line. In the first uptrend, BCH fell to $620 low after rejection. In the second uptrend, BCH’s price has been fluctuating below the resistance zone. On the upside, if the bulls break above the resistance, BCH will rally above $800 high. However, the sideways move below the resistance will continue if the resistance level remains unbroken. Meanwhile, on the August 16 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that BCH will rise to level 1.618 Fibonacci extensions or level $836.29.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
BCH is at level 63 of the Relative Strength Index period 14. It indicates that the crypto is in the bullish trend zone and capable of rallying on the upside. The 21-day and 50-day SMAs are pointing northward indicating the uptrend. The coin has a bullsh crossover as the 21-day SMA crosses above the 50-day SMA. This indicates a buy signal.

Conclusion
Further upsides are likely as buyers struggle to break above the $715 resistance line. Meanwhile, on the August 21 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that BCH will rise to level 2.0 Fibonacci extensions or level $777.22


You can purchase crypto coins here: Buy Tokens

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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Bitcoin Cash showing maturity after 4 years on the market

Azeez Mustapha
18 August 2021 | Updated: 18 August 2021

Bitcoin Cash recently managed to celebrate its 4th birthday after being created on August 1, 2017, and whilst it has had a number of problems that it has needed to face during its lifespan, the cryptocurrency has managed to mature to new levels.

How was Bitcoin Cash Created?
Bitcoin Cash was created following a huge debate that had sent shockwaves throughout the entire cryptocurrency community back in 2017 because of disagreements between the builders and the Bitcoin influencers who were arguing about the best and right way in which they would be able to obtain blockchain scaling in the simplest of ways. There had been some who supported the idea that scaling on chains by raising the block dimension would be the best way, which then saw that concept be remodelled into Bitcoin Money.
Issues have since been solved
As mentioned, there have been a number of difficulties to have arisen from the project however it would seem that four years has helped to iron out any of the kinks and help to make Bitcoin Cash as mature as it can be for the time being. Indeed, throughout the four years that it has existed and been a viable alternative for many, it has been able to achieve what the creators had initially set out to accomplish, with users being able to have extra economic freedom when using the coin. This is pretty convenient and a huge benefit for many, especially those that like to use cryptocurrency when they gamble. Over the last few years, there has become a new type of bitcoin live casino that has provided players with the option to pay with virtual currencies such as Bitcoin, Ethereum and Bitcoin Cash.
Countries have benefited from Bitcoin Cash
However, it should be noted that individuals are not the only ones to have been able to benefit from the extra economic freedoms that the coin was initially designed to provide, with countries having also been able to take advantage. Venezuela and South Sudan, that are both incredibly stricken with poverty issues, as well as Argentina have each been able to benefit from the support of the cryptocurrency system which has been implemented. This is because of the Schnorr Signatures, which is an implementation of a token standard called SLP that gives attention to social parts of the spectrum.

Indeed, special teams have been set up in places such as Venezuela’s capital, Caracas, and other places such as Colombia where they have been able to help onboard retailers and customers whilst highlighting all of the benefits that using the cryptocurrency can provide them with, especially when they live in countries that suffer from inflationary and de-valued economies. As the virtual currency is isolated from that, these problems could be of the past for residents that have to suffer from these issues regularly.
Accepted by many vendors and on the biggest crypto exchanges
If any further evidence was ever required to highlight just how mature Bitcoin Cash has managed to become following its fourth anniversary, it would be easy to find it when looking at the viable payment methods being offered all around the world. It is one of the most profitable Bitcoin forks currently available within the entire market of cryptocurrency, as it is currently in many of the main exchanges that can be found around the globe, with Binance, Hobi, Upbit, Coinbase, Okex and PayPal all providing it, whilst it is also accepted by many vendors all around the world, as well.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Bitcoin Cash (BCH) Declines as Bears Revisits the Previous Lows

Azeez Mustapha
16 August 2021 | Updated: 16 August 2021

Key Highlights
BCH has rallied to $710 high
Presently, BCH has fallen to $672 low

Bitcoin Cash (BCH) Current Statistics
The current price: $676.99
Market Capitalization: $14,214,893,198
Trading Volume: $2,713,833,042
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis August 16, 2021
Bitcoin Cash (BCH) price is making a series of higher highs and higher lows above the 21-day SMA. BCH has rallied to the high of $710 but buyers are attempting to sustain the bullish momentum above the recent high but are unable. BCH retraced to $682 after the resistance. The retracement has subsided as bulls buy the dips. On the upside, if price breaks above the $710 resistance, the market will rally above $770. BCH has reached an overbought region of the market.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
Bitcoin Cash is at level 72 of the Relative Strength Index period 14. It indicates that BCH has reached the overbought region. The crypto has limited room to rally on the upside. Presently, it is above the 35% range of the daily stochastic. The market is in a bullish momentum.

Conclusion
Bitcoin Cash is in an upward move after a minor retracement. Further upside is possible. Meanwhile, on August 16 uptrend; a retraced candle body tested the 61.8 % Fibonacci retracement level. The retracement indicates that BCH will rise to level 1.618 Fibonacci extension or level $ 680.64. From the price action.

BCH/USD – 4 Hour Chart

You can purchase crypto coins here: Buy Tokens


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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Bitcoin Cash (BCH) In a Sideways Trend, Attempts to Break the $590 High

Azeez Mustapha
9 August 2021 | Updated: 9 August 2021

Key Highlights
BCH battles the resistance at $590
The crypto has resumed an upward move

Bitcoin Cash (BCH) Current Statistics
The current price: $3,125.92
Market Capitalization: $366,516,306,020
Trading Volume: $30,727,758,990
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis August 9, 2021
On August 7, Bitcoin Cash (BCH) rallied to $590 but could not continue the upward move. The crypto was resisted at the recent high as it retraced to $549. Today, BCH has resumed a fresh uptrend to revisit the previous high. On the upside, if the bulls break the resistance at $590, the crypto will rally to a $700 high. On the other hand, if the bulls fail to break the recent high, the market will decline to a range-bound move. In the meantime, BCH’s price is consolidating below the recent high.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
BCH is at level 62 of the Relative Strength Index period 14. It indicates that BCH is in the uptrend zone above the centerline 50. The price bars are above the moving averages which indicate that the crypto will continue to rise. Presently, it is above the 40% range of the daily stochastic. The market is in a bullish momentum.

BCH/USD – 4 Hour Chart

Conclusion
Bitcoin Cash is in a sideways trend as buyers attempt to break the recent high. The altcoin will resume upward if the $590 resistance is breached. Meanwhile, on August 7 uptrend; a retraced candle body tested the 38.2 % Fibonacci retracement level. The retracement indicates that BCH will rise to level 2.618 Fibonacci extension or level $ 698.72.

You can purchase crypto coins here: Buy Tokens

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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Bitcoin Cash (BCH Is Stuck below $560 High, Uptrend Likely

Azeez Mustapha
2 August 2021 | Updated: 2 August 2021

Key Highlights
BCH is stuck below $560 high
The crypto has resumed a downward move

Bitcoin Cash (BCH) Current Statistics
The current price: $550.56
Market Capitalization: $11,561,658,896
Trading Volume: $2,220,591,308
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis August 2, 2021
On July 30, Bitcoin Cash (BCH) rallied to $560 but could not continue the upward move. Buyers were repelled at the recent high as the altcoin resumes a downward move. BCH is likely to retrace to the low of $540. However, if buyers overcome the $560 resistance, the market will rally to the high of $640. Nevertheless, the crypto is declining as BCH faces rejection at t $560 resistance. The uptrend will resume if Bitcoin finds support above the moving averages.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
BCH is at level 61 of the Relative Strength Index period 14. It indicates that BCH is in the uptrend zone above the centerline 50. BCH is likely to continue the upside momentum. Presently, BCH is below the 80% range of the daily stochastic. Sellers have emerged in the overbought region of the market as BCH falls.

BCH/USD – 4 Hour Chart

Conclusion
Bitcoin Cash is likely to resume upward after the retracement. The 21-day SMA has been proving support as BCH retraces on the downside. Meanwhile, on July 26 uptrend; a retraced candle body tested the 50 % Fibonacci retracement level. The retracement indicates that BCH will rise to level 2.0 Fibonacci extension or level $ 593.60.

You can purchase crypto coins here: Buy Tokens

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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Bitcoin Cash (BCH) Rallies to $510 High as Sellers Threaten to Short

Azeez Mustapha
26 July 2021 | Updated: 26 July 2021

Key Highlights
BCH rallies to $510 high
The bears are likely to sell on rallies

Bitcoin Cash (BCH) Current Statistics
The current price: $497.06
Market Capitalization: $11,428,914,123
Trading Volume: $1,733,403,132
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis July 26, 2021
Bitcoin Cash (BCH) has rebounded and broke the resistance at $460. The crypto has rallied to the high of $500 but further upsides are possible. On the upside, if the current bullish momentum extends above $680, BCH will be in the bullish trend zone. The crypto will tend to rise on the upside. BCH price has broken above the 21-day SMA. If BCH price is above the moving averages, the uptrend will resume.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
BCH is at level 56 of the Relative Strength Index period 14. It indicates that BCH is in the uptrend zone above the centerline 50. BCH is capable of rising on the upside. Presently, BCH is below the 80% range of the daily stochastic. Sellers have emerged in the overbought region of the market. The crypto is in bearish momentum.

BCH/USD – 4 Hour Chart

Conclusion
Bitcoin Cash is in a downward move. The crypto has been trading in the overbought region since July 21. Meanwhile, on July 24 uptrend; a retraced candle body tested the 38.2 % Fibonacci retracement level. The retracement indicates that BCH will rise to level 2.618 Fibonacci extension or level $ 518.61. From the price action, BCH has risen but faces rejection at a high of $510. The crypto is declining on the downside.

You can purchase crypto coins here: Buy Tokens

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 result

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.