Bitcoin Cash Price Prediction: Long-term (BCH) Value Forecast – July 6
- The BCH price fluctuates below and above the $400 price level.
- On the upside, if the $400 price level holds, the bulls will make an upward move to retest $480 resistance level.
BCH/USD Long-term Trend: Bullish
- Resistance levels: $480, $500, $520
- Support levels: $460, $440, $420
The BCH/USD pair was in the bullish 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 $400. The support level at $400 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 $400 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 $400 price level holds, the bulls will make an upward move to retest $480 resistance level. The coin’s price is below the EMAs which suggest that price is likely to continue its fall. From the Fibonacci tool, the BCH price is in the 0.786 Fib. retracement levels. The crypto’s price seems to be ranging above the $400 price level but below the EMAs.
From the Fibonacci tools, the price of BCH fell into the downtrend zone of 0.50 Fib. retracement level and the level was well supported as the BCH coin resume another bullish move. On the upside, if the bulls break above the EMAs, it will be the resumption of a bullish trend. The stochastic is in the oversold region but below the 20% range which indicates that the price is in a bullish momentum and a buy signal.
Live Bitcoin Cash (BCH) Price:
1 BCH/USD =$548.1313 change ~ 2.33%
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