Bitcoin Cash Price Prediction: Long-term (BCH) Value Forecast – July 20
- The BCH market was on a downward correction to the low at $280.
- On the upside, if the $280 price level holds, the bulls will make an upward move to break above EMAs and the retest $480 resistance level.
BCH/USD Long-term Trend: Bullish
- Resistance levels: $480, $500, $520
- Support levels: $300, $280, $260
The price of Bitcoin Cash was in the bearish trend zone. From the price action on June 25, the bulls were resisted after testing the $480 price levels. The BCH market was on a downward correction to the low at $280. The support level at $280 was well supported as the bulls make an upward move to break the EMAs and retest the $480 overhead resistance level. The BCH price fluctuates below and above the $280 price level. Presently, the BCH price is ranging below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.
On the upside, if the $280 price level holds, the bulls will make an upward move to break above EMAs and the retest $480 resistance level. The coin’s price is below the EMAs which suggest that price is likely to continue its fall. The price fell and it was approaching the low of $280 price level .The stochastic is in the oversold region but above the 20% range which indicates that the price of is in a bullish momentum and a buy signal.
Live Bitcoin Cash (BCH) Price:
1 BCH/USD =$499.6771 change ~ -1.38%
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