Bitcoin Cash Price Prediction: Long-term (BCH) Value Forecast – July 27
- The price was depreciated by 23.5 % of its capitalization in the month of July 2019.
- On the upside, if the bulls break above the EMAs, the crypto's price will rise to retest the $425 and $480 price level.
BCH/USD Long-term Trend: Bullish
- Resistance levels: $480, $500, $520
- Support levels: $300, $280, $260
The BCH/USD pair was in a bearish trend in July 2019. On June 22, the pair reached a high of $480 and was resisted. On July 1, the Coin has an opening balance of $399 and a closing balance of $305 as of July 27, 2019. The price was depreciated by 23.5 % of its capitalization in the month of July 2019.
On July 10, the bulls were resisted at the $425 price level. The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. On July 16, the downward trend was corrected at the support of the $275 price level. On July 17, the bulls made an upward move to break above the EMAs but were resisted by the 12-day EMA. On the upside, if the bulls break above the EMAs, the crypto's price will rise to retest the $425 and $480 price level.
Today, the price is now in a bullish trend. The stochastic is in the overbought region but below the 40% range which indicates that the price is in a bearish momentum and a sell signal.
Live Bitcoin Cash (BCH) Price:
1 BCH/USD =$416.3921 change ~ -2.77%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.