Bitcoin Cash (BCH) Continues Its Bearish Run, as Bears Gain More Grounds

Bitcoin Cash (BCH) Continues Its Bearish Run, as Bears Gain More Grounds

Key Highlights
BCH revisit the previous low at $467
The altcoin is in a strong selling pressure

Bitcoin Cash (BCH) Current Statistics
The current price: $496.96
Market Capitalization: $12,016,976,460
Trading Volume: $1,945,905,470
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis June 21, 2021
Bitcoin Cash (BCH) is in a downward move. The altcoin has fallen and it is approaching the previous low of May 23. On May 23, the market reached a low of $467.8. Today, BCH has fallen to the low of $482. The altcoin is likely to retest the previous low at $467. Nevertheless, the selling pressure will resume if price breaks the previous low.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The crypto’s price has broken below the resistance line of the descending channel. This implies that the selling pressure is likely to resume. BCH has fallen to level 32 of the Relative Strength Index period 14. It indicates the crypto has reached the oversold region of the march. The crypto’s price is below the 21-day and 50-day SMAs which suggests that the altcoin is in the bearish trend zone.

BCH/USD – 4 Hour Chart

Conclusion
Bitcoin Cash is in a downward move. The current price fall was after the rejection at $559 high. On June 20 downtrend, a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that BCH will fall to level 2.618 Fibonacci extension or level $401.06.


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Bitcoin Cash (BCH) Reaches Bearish Exhaustion, Resumes up Trending

Bitcoin Cash (BCH) Reaches Bearish Exhaustion, Resumes up Trending


Key Highlights
BCH retested $560 low and resumed upward move
The altcoin is in a downward correction

Bitcoin Cash (BCH) Current Statistics
The current price: $629.02
Market Capitalization: $13,210,849,033
Trading Volume: $1,500,840,541
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis June 14, 2021
Bitcoin Cash (BCH) is in a downward move. Since May 27, BCH has been falling from the high of $807. The crypto fell to $560 low, retested it, and resumed upward move. The uptrend is facing resistance at the $640 high. Buyers have an uphill task to push the altcoin on the upside. The bulls have to sustain BCH price above the $850 high to be out of the downward correction.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The crypto’s price is retesting the resistance line of the descending channel. If price breaks and closes above the resistance line, the market is expected to rise on the upside. The coin has fallen to level 42 of the Relative Strength Index period 14. The crypto’s price is below the 21-day and 50-day SMAs which suggests that the altcoin is in the bearish trend zone. The crypto tends to fall.

BCH/USD – 4 Hour Chart

Conclusion
Bitcoin Cash has been in a downward move after rejection from the high of $807. On May 28 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 $559.40. The crypto fell and retested 1.618 Fibonacci extension and resumed upward.


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Bitcoin Cash (BCH) Rebounds above $500 Support, Resumes up Trending

Bitcoin Cash (BCH) Rebounds above $500 Support, Resumes up Trending

Key Highlights
BCH recovers from a downtrend above $467
The altcoin resumes a fresh uptrend

Bitcoin Cash (BCH) Current Statistics
The current price: $696.72
Market Capitalization: $14,604,040,003
Trading Volume: $14,604,040,003
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis May 31, 2021
On May 23, Bitcoin Cash fell to the low $467 as bulls bought the dips. The altcoin has recovered from its downtrend but the upward move is stalled at the $800 high. Since May 24, BCH has been compelled to a sideways move below the $800 resistance. On the upside, if the bulls break the resistance at 800, the coin will rally to $1,000 high. Presently, BCH is rising to retest the resistance at $800 high.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The coin has risen to level 42 of the Relative Strength Index period 14. The crypto is in the downtrend zone and below the centerline 50. The 21-day and 50-day SMAs are sloping downward indicating the downtrend.

BCH/USD -4 Hour Chart

Conclusion
Bitcoin Cash has recovered from the bear market. The uptrend is facing a major resistance at $800 high. Meanwhile, On May 24 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 $973. 54


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Bitcoin Cash (BCH) Slumps above $500 Support, Resumes Consolidation above It

Bitcoin Cash (BCH) Slumps above $500 Support, Resumes Consolidation above It

Key Highlights
Bitcoin Cash is fluctuating above $500
BCH is reaching bearish exhaustion

Bitcoin Cash (BCH) Current Statistics
The current price: $620.71
Market Capitalization: $13,050,296,132
Trading Volume: $13,050,296,132
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis May 24, 2021
Bitcoin Cash fell and hovered above the $500 support. This recent fall was a rejection from the high of $850. It is the support of the last bearish impulse where the price is hovering. On the downside, if price breaks below $500 support, the selling pressure is likely to resume. Otherwise, the uptrend will resume. Meanwhile, on May 19 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 $123.11.

BCH – Daily Chart

Bitcoin Cash Technical Indicators Reading
The altcoin has fallen to level 37 of the Relative Strength Index period 14. This indicates that BCH is approaching the oversold region of the market. The 21-day and 50-day SMA are sloping upward indicating the previous uptrend. The moving averages are pointing downward indicating the downtrend.

BCH – 4 Hour Chart

Conclusion
Bitcoin Cash is correcting upward after testing the support at level $500. The current upward move is facing resistance at the recent high. If it retraces and breaks this current support, it implies that the selling pressure will resume. On May 19 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 $267.66.


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Bitcoin Cash (BCH) Falls and Finds Support above $1,000

Bitcoin Cash (BCH) Falls and Finds Support above $1,000

Key Highlights
Bitcoin Cash falls and finds support above $1,000
BCH resumes an upward move

Bitcoin Cash (BCH) Current Statistics
The current price: $1,114.21
Market Capitalization: $1,114.21
Trading Volume: $6,829,675,565
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis May 17, 2021
Bitcoin Cash is recovering after falling to the low of $1,000. The recent downtrend was caused by the formation of a bearish double top. On May 6, buyers retested the $1,600 resistance but were repelled as the altcoin dropped to $1,273 low. On May 11, the bulls retested the resistance zone and were resisted. BCH dropped to $1,000 and pulled back. Meanwhile, on May 12 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 $2,553.63.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The altcoin has fallen to level 48 of the Relative Strength Index period 14. This indicates that BCH is in the downtrend zone and capable of falling on the downside. The crypto’s price has broken below the 21-day SMA but pulled back. A break below the SMA will mean that BCH will fall. The 21-day and 50-day SMA are sloping upward indicating the uptrend.

BCH/USD -4 hour Chart

Conclusion
BCH/USD price has been in a downward move. The Fibonacci tool has indicated a possible reversal of the downtrend. On May 13 downtrend, a retraced candle body tested the 78.6 % Fibonacci retracement level. The retracement indicates that BCH will fall to level 1.272 Fibonacci extension or level $1,018.40. From the price action, the market has declined to 1.272 Fibonacci level and reversed. BCH will resume an uptrend if the Fibonacci level holds.


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Bitcoin Cash (BCH) Slumps After Retesting $1,600 Resistance, an Upward Move Unlikely

Bitcoin Cash (BCH) Slumps After Retesting $1,600 Resistance, an Upward Move Unlikely

Key Highlights ``
BCH struggles to break above $1,000 resistance
The altcoin has a target price of $1,966 high

Bitcoin Cash (BCH) Current Statistics
The current price: $1,427.16
Market Capitalization: $30,075,515,477
Trading Volume: $30,075,515,477
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis May 10, 2021
BCH price has rallied to retest the $1,600 resistance and pulled back. The bulls could not breach the recent high. In the previous price action, BCH fell to $1,300 low after retesting the resistance level. On May 5 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 level. That is, the high of $2,031.35. Nonetheless, if the bulls break the $1,600 resistance, the market will rally to a $2,000 high. On the other hand, if the bears break the current support at $1,200, BCH will decline to either $1,000 or $800.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
BCH is already at level 69 of the Relative Strength Index period 14. The market has reached the overbought region of the market. BCH is likely to fall on the downside if sellers emerge. The 21-day and 50-day SMA are sloping upward.

BCH/USD – 4 Hour Chart

Conclusion
BCH/USD price has been stalled at $1,600. On the 4 –hour chart, the altcoin price is in a sideways move. BCH price is falling after retesting the resistance twice. On May 5 uptrend, a retraced candle body tested the 78.6 % Fibonacci retracement level. The retracement indicates that BCH will rise to level 1.272. On May 6, BCH has tested the 1.272 Fibonacci extension and reversed it.

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Bitcoin Cash (BCH) Price Analysis: BCH Slumps To $692 Low, Faces Another Rejection At $815

Bitcoin Cash (BCH) Price Analysis: BCH Slumps To $692 Low, Faces Another Rejection At $815

Key Highlights “
BCH has fallen from the high of $1.200 to $809
The altcoin is likely to further decline on the downside

Bitcoin Cash (BCH) Current Statistics
The current price: $810.21
Market Capitalization: $17,031,240,520
Trading Volume: $3,803,633,907
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis April 26, 2021
Bitcoin Cash has been in a downward move since its rejection on April 17. BCH has fallen to the low of $807 and it is correcting upward. The altcoin price has broken the 21-day SMA. The downward movement will resume if price breaks below the previous at $700. On the upside, if buyers push BCH above $900, the upward move will resume. Otherwise, the downtrend will resume on the downside.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The crypto’s price has broken below the 21-day SMA. The coin will fall into the bearish trend zone if price breaks below the 50-day SMA. BCH has fallen to level 53 of the Relative Strength Index period 14. This indicates that the coin is still in the uptrend zone and capable of rising on the upside.

BCH/USD – 4 Hour Chart

Conclusion
On the 4 Hour Chart, BCH is in a downward move. The crypto’s price has broken below the SMAs which suggests a downward movement of prices. Presently, the altcoin is facing rejection at the resistance of $815. Meanwhile, on April 18 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that BCH will fall to level 2.0 Fibonacci extension or the low of $427.31.

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Bitcoin Cash (BCH) Price Analysis: BCH Resumes Uptrend After A Minor Retracement

Bitcoin Cash (BCH) Price Analysis: BCH Resumes Uptrend After A Minor Retracement

Key Highlights ``
BCH is in an uptrend, rallies to $1,117 high
The altcoin has resumed another uptrend to break the previous high

Bitcoin Cash (BCH) Current Statistics
The current price: $998.48
Market Capitalization: $20,945,328,055
Trading Volume: $9,782,637,564
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis April 19, 2021
Bitcoin Cash is in an uptrend but rallied to $1,117.11 high. The resistance compelled BCH to retrace to $990 low and resumed a range-bound movement. Meanwhile, on April 17 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement gives the impression that BCH will rise to level 1.618 Fibonacci extension or the high of $1,584.92. From the price action, BCH has resumed a fresh uptrend after a retracement.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
BCH has fallen from level 85 to level 72 of the Relative Strength Index period 14. This indicates that the coin is still in the overbought region of the market. The crypto’s price is above the 21-day SMA and 50-day SMA which suggest a possible rise in price.

BCH/USD – 1 Hour Chart

Conclusion
On the 1- hour chart, Bitcoin Cash is facing rejection at $1,040. BCH price is fluctuating below the resistance zone. Meanwhile, BCH is in a bullish momentum. On April 18 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that BCH will rise to level 1.618 Fibonacci extension or the high of $1,252.56.

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Bitcoin Cash (BCH) Price Analysis: BCH Rallies to $715 High, Slumps and Finds Support Above $670 Low

Bitcoin Cash (BCH) Price Analysis: BCH Rallies to $715 High, Slumps and Finds Support Above $670 Low

Key Highlights ``
BCH rallied to $715 high but faces rejection at the recent high
There is the possibility of further downward movement

Bitcoin Cash (BCH) Current Statistics
The current price: $693.12
Market Capitalization:  $14,546,905,387
Trading Volume: $3,288,253,668
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis April 12, 2021
Bitcoin Cash is in an uptrend. Recently, BCH rose to $715 high and was resisted. The market is retracing to the support of the previous resistance level. Meanwhile, on April 7, retraced candle body tested the 61.8% Fibonacci retracement level. The retracement gives the impression that BCH will rise to level 1.618 Fibonacci extension or the high of $813.77.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
BCH is at level 65 of the Relative Strength Index period 14. This implies that the coin is approaching the overbought region of the market. It may have insufficient room to rally on the upside. BCH has a bullish crossover. That is the 21-day SMA crosses above 50-day SMA which is a bullish signal.

BCH/USD – 4 Hour Chart

Conclusion
Bitcoin Cash is facing rejection at $715 as the altcoin fell to $669 low. There is the possibility of further downward movement of price. On April 11 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 the low of $642.17.

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Bitcoin Cash (BCH) Price Analysis: BCH Struggles below $600 Resistance, Faces Further Rejection on the Downside

Bitcoin Cash (BCH) Price Analysis: BCH Struggles below $600 Resistance, Faces Further Rejection on the Downside

Key Highlights “

BCH will rally to $700 if the $600 overhead resistance is breached
The altcoin will be compelled to a range-bound move if the overhead resistance remains unbroken

Bitcoin Cash (BCH) Current Statistics
The current price: $568.79
Market Capitalization:  $11,954,875,787
Trading Volume: $2,811,204,793
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis April 5, 2021
For the past week, the bulls have broken the $550 resistance as price reached the previous highs. Before now Bitcoin Cash has been range-bound between $510 and $550. In the first breakout, the uptrend was stopped at the $600 resistance. BCH was repelled as the coin plunged back to the range-bound zone. Yesterday, the bulls bought the dips as the altcoin resumed a fresh uptrend. Today, BCH is rising but it is facing resistance at $580 high. On the upside, if the bulls break the $600 high a rally to $700 is likely. However, if the bulls fail to break the $600 resistance, BCH will continue to be range-bound between $510 and $600.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The crypto’s price is still above the SMAs which indicates a possible rise of the coin. BCH is below the 80% range of the daily stochastic. It indicates that the coin is in a bearish momentum. This is contrary to the price action. However, it is at level 57 of the Relative Strength Index period 14. It indicates that the crypto is in the uptrend zone and above centerline 50.

BCH/USD – Daily Chart

Conclusion
As bulls break the $550 resistance, the market is expected to rise. On April 2 uptrend, BCH reached the $597.86 and was resisted. 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 the high of $691.38.

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.