Bitcoin Cash (BCH) Is in a Sideways Move, Battles the Resistance at $600

Updated:

Key Highlights
BCH is stuck below $600
BCH is also in a sideways trend

Bitcoin Cash (BCH) Current Statistics
The current price: $588.52
Market Capitalization: $12,374,442,289
Trading Volume: $12,374,442,289
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis November 1, 2021
Bitcoin Cash (BCH) is trading in a downward correction below the $600 resistance. Since October 28, the BCH price is fluctuating below the resistance level. If the bulls break the $600 resistance, BCH will rally to $680. However, buyers will have to contend with the minor resistance at $650. In the previous uptrend, BCH was resisted at a $650 high.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The crypto’s price is above the 50-day SMA but below the 21-day SMA which indicates a sideways move. BCH is at level 48 of the Relative Strength Index period 14. It indicates that BCH is in the downtrend zone and below the centerline 50. That is, the market is prone to decline on the downside. The cryptocurrency is in a bullish momentum as BCH is above the 50% range of the daily stochastic.


Conclusion
On the 1– hour chart, BCH is in a sideways move. The price fluctuates and retests the resistance level. Meanwhile, on November 1 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 $627. 33 .

BCH/USD – 1 Hour Chart

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Bitcoin Cash (BCH) Finds Support Above $610, Resumes Uptrend

Updated:

Key Highlights
BCH faces rejection at $650
BCH exhausts selling pressure, finds support above $$610

Bitcoin Cash (BCH) Current Statistics
The current price: $621.97
Market Capitalization: $13,061,124,032
Trading Volume: $1,141,288,446
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis October 25, 2021
Since October 16, Bitcoin Cash (BCH) uptrend has been facing rejection at the $650 high. On October 16 and 20, buyers were repelled as the market declined to $610 low. Today, BCH price is trying to correct upward as it faces rejection at the 50-day SMA. Presently, the altcoin is trading at $621 at the time of writing. The selling pressure will resume if price breaks below $600 support.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
BCH is at level 54 of the Relative Strength Index period 14. It indicates that the crypto is in the uptrend zone and above the centerline 50. It is also capable of a further upward move. The altcoin has a bearish crossover. That is, the 50-day SMA crosses below the 21-day SMA indicating a sell signal. Also, the selling pressure will resume if price breaks and closes below the support line.

Conclusion
On the 1 – hour chart, BCH has been in a downward move. The downtrend has subsided as the cryptocurrency finds support above $610. Meanwhile, on October 21 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that BCH will fall to level 1.618 Fibonacci extensions or level $599.54. From the price action, BCH fell to $605 .16 low and resumed an uptrend.

BCH/USD – 1 Hour Chart

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Bitcoin Cash (BCH) Is in a Downward Move, May Decline to $558 Low

Updated:

Key Highlights
BCH faces rejection at $650 resistance level
BCH may decline to $558

Bitcoin Cash (BCH) Current Statistics
The current price: $600.68
Market Capitalization: $12,616,674,493
Trading Volume: $1,245,341,326
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis October 18, 2021
For the past week, Bitcoin Cash (BCH) has been trading in the bullish trend zone. The upward move is facing rejection at the high of $648 as the altcoin declines. If price breaks below the 50-day SMA, it will accelerate the selling pressure on the downside. BCH will decline to $550 low. However, if the 50-day support holds, BCH will resume a fresh uptrend.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The cryptocurrency is at level 52 of the Relative Strength Index period 14. It indicates that the crypto is in the uptrend zone and above the centerline 50. There is a possibility of a further upward movement of the coin.BCH is below the 40% range of the daily stochastic. The coin is in a bearish momentum.

Conclusion
On the 4 – hour chart, BCH is in an upward move. The uptrend faces rejection at the $650 resistance zone. It declines to $605 low and resumes upward correction. The upward correction was terminated at the high of $620 as bears resumed selling pressure. Meanwhile, on October 17 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that BCH will fall to level 1.618 Fibonacci extensions or level $558.34 .

BCH/USD – 4 Hour Chart


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Bitcoin Cash (BCH) Is Stuck Below $600 Resistance, May Resume Selling Pressure

Updated:

Key Highlights
BCH battles resistance at $600
BCH may resume selling pressure

Bitcoin Cash (BCH) Current Statistics
The current price: $602.98
Market Capitalization: $12,662,412,572
Trading Volume: $1,209,902,232
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis October 11, 2021
Bitcoin Cash (BCH) is in an upward move. The altcoin is above the 21-day line SMA but below the 50-day line SMA. For the past five days, buyers have been struggling to break above the $600 resistance level. If the current resistance is breached, it will signal the resumption of the uptrend. BCH/USD will resume downward correction if buyers fail to break the current resistance level.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
BCH is at level 54 of the Relative Strength Index period 14. It indicates that the crypto is in the uptrend zone and above the centerline 50. The altcoin will resume an uptrend if buyers break above the 50-day Line SMA . BCH is above the 78% range of the daily stochastic. The coin is in a bullish momentum.

Conclusion
BCH is in an upward move. On October 6, the uptrend reached the high of $625 but reached bullish exhaustion above the $600 resistance. BCH/USD was compelled to resume a sideways trend below the resistance level. Meanwhile, on October 6 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that BCH is likely to rise but reverse at level 1.272 Fibonacci extensions or level $676.54.

BCH/USD – Daily Chart

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Bitcoin Cash (BCH) Price Analysis: BCH Declines and Breaks Crucial Support at $546, May Revisit $470 Low

Updated:

Key Highlights
BCH retraces to $546 support
BCH resumes selling pressure

Bitcoin Cash (BCH) Current Statistics
The current price: $540.72
Market Capitalization: $11,351,900,862
Trading Volume: $1,206,222,641
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis October 4, 2021
Bitcoin Cash (BCH) is in a downward move. The altcoin has fallen to its previous low at $470 and pulled back. BCH price broke above the 21-day SMA but was resisted. Today, the altcoin is retracing as price breaks below the 21-day SMA. The selling pressure will resume if the bears break below the moving averages. The altcoin will fall and revisit the previous low at $470.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
BCH is at level 47 of the Relative Strength Index period 14. It indicates that the crypto is in the downtrend zone and below the centerline 50. The altcoin is capable of falling on the downside. The crypto price is below the 50-day SMA but above the 21-day SMA. The altcoin will trend if these levels are breached. BCH is above the 25% range of the daily stochastic. The coin is attempting an upward move as price reaches bearish exhaustion.

Conclusion
BCH is in a downward move as it dropped to the low of $546. In the meantime, the altcoin is consolidating above the current support. Meanwhile, on October 4 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that BCH is likely to fall but reverse at level 1.272 Fibonacci extensions or level $537. BCH will reverse to 78.6% Fibonacci retracement level where it originated.

BCH/USD – Daily Chart


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Bitcoin Cash (BCH) Is in a Sideways Move, Faces Rejection at $550

Updated:

Key Highlights
BCH breaks level $496 and removes upward move
BCH/USD consolidates above $496

Bitcoin Cash (BCH) Current Statistics
The current price: $499.55
Market Capitalization: $10,490,653,578
Trading Volume: $10,490,653,578
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis September 27, 2021

Bitcoin Cash’s (BCH) price has been fluctuating above the $470 support. The bears have retested the BCH support thrice but are unable to break it. Also, BCH’s price has earlier corrected upward but faced rejection at $550 high. The altcoin is confined in a range between $470 and $550. Meanwhile, on September 21 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 $374.74.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The crypto is at level 35 of the Relative Strength Index period 14. The coin is in the downtrend zone and approaching the oversold. In the oversold region, buyers are likely to emerge. The 21-day and 50-day SMAs are sloping downward indicating a downtrend. The crypto is above the 40% range of the daily stochastic. This indicates a bullish momentum which is contrary to the price action.

Conclusion
BCH is in a downward move. The bears have broken the previous low and resumed upward. The upward correction is facing rejection at the recent high. Meanwhile, on September 22 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 $455.50.

BCH/USD – 4 Hour Chart

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

Updated:

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

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

Updated:

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

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Bitcoin Cash (BCH) Reaches Overbought Region, Downtrend Likely

Updated:

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

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

Updated:

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

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