Bitcoin Cash Price Prediction Today: Daily (BCH) Value Forecast – July 12


  • On the downside, if the $320 support level is broken, the BCH coin may depreciate to the previous low at $280 price level.
  • On the other hand, if the $320 support level holds, the downward correction may have ended.

BCH /USD Medium-term Trend: Ranging

  • Resistance Levels: $480, $500, $520
  • Support Levels: $320, $300, $280

Yesterday, July 11, the price of BCH tested the $320 support level which was the previous resistance level of April 3. The crypto is encountering some resistance at the $320 price level as the price hovers around the support level. On the downside, if the $320 support level is broken, the BCH coin may depreciate to the previous low at $280 price level.

On the other hand, if the $320 support level holds, the downward correction may have ended. The crypto’s price will rise to break above the EMAs in order to retest the $480 overhead resistance level. Meanwhile, the BCH market is in the oversold region of the daily stochastic but above the 20% range. This indicates that price is in a bullish momentum and buy 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 horizontally and southwardly indicating that price is falling. The crypto’s price is facing resistance at the  $356 price level.

Each time the bulls tested the $356 resistance level, the price would fall below the EMAs. Meanwhile, the BCH market is in the oversold region of the daily stochastic but below the 40% range. This indicates that price is in a bearish momentum and sell signal.

Live Bitcoin Cash (BCH) Price:

1 BCH/USD =$1,086.8476 change ~ -4.96%

Coin Market Cap

$20.37 Billion

24 Hour Volume

$3.88 Billion

24 Hour VWAP

$1.09 K

24 Hour Change

$-53.94

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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