Bitcoin Cash Price Prediction Today: Daily (BCH) Value Forecast – July 10
BCH /USD Medium-term Trend: Ranging
Resistance Levels: $480, $500, $520
Support Levels: $320, $380, $360
Yesterday, July 9, the price of BCH was in a range bound move below the 12-day EMA and the 26-day EMA. The BCH coin had also been on a downward correction. On June 27, the bulls tested the $500 price level and were resisted.
The market had been on a downward correction to the support level at $400 price level on June 27. The crypto’s price had been fluctuating above the $400 price level but the EMAs. On the downside, it was assumed that the crypto’s price might likely fall since it was trading below the EMAs.
Today the bears have broken the EMAs and the price is approaching the previous low at $280. Meanwhile, the BCH market is in the oversold region of the daily stochastic but below the 20% range. This indicates that price is in a bearish momentum and sell signal.
BCH/USD Short-term Trend: Bearish
On the 1-hour chart, the price of BCH is in a bearish trend. The 12-day EMA and the 26-day EMA are sloping southward indicating that price is falling.On July 9, the bulls reached a high of $425 but were resisted.
The market fell to a low at $364 The BCH price is facing resistance at the $425 price level. Meanwhile, the BCH market is in the oversold region of the daily stochastic but below the 20% range. This indicates that price is in a bearish momentum and sell signal.
Live Bitcoin Cash (BCH) Price:
1 BCH/USD =$505.7548 change ~ 0.95%
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