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

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

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

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

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
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News