BITCOIN CASH Price Prediction Today: Daily (BCH) Value Forecast – July 16

The short and medium-term outlook is in a downtrend.
Selling opportunities may be considered in pullback areas.

BCH/USD Medium-term Trend: Bearish

Supply zones: $400, $500, $600
Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term is in a bearish trend. The bear sustained the momentum down south as the start of the week with as the coin fell to $255.06 in the demand area. The correction of the impulsive move was necessary during yesterday session as price shot up to $328.39 in the supply area.

With the doji formation and a pinbar toward the end of yesterday session, the bullish exhaustion was confirmed and the bears returned for the downward continuation.

Today’s opening price was $398.00 as the bears sustained the momentum breaking the 10-EMA. BCHUSD is down to $289.79 in the demand area. The signal of the stochastic oscillator points down at 53% and price is below the two EMAs suggesting downward continuation in price continuation in price in the cryptocurrency medium-term.

The demand area at $240.00 is bears target for a retest as the journey south continues.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bears returned as the market opened today at $320.04 with the bearish railroad formation. The cryptocurrency fell initially to $301.06 and later $289.79 in the demand area following the break of the resistance at the two EMAs crossover.

Price is below the two EMAs and the signal of the stochastic oscillator points down at 16% an indication of downward momentum.

The key demand area at $260.00 is up for a retest as the bears mount on the pressure on the coin in the short-term.

Live Bitcoin Cash (BCH) Price:

1 BCH/USD =$1,274.1911 change ~ -2.21%

Coin Market Cap

$23.87 Billion

24 Hour Volume

$4.44 Billion

24 Hour VWAP

$1.25 K

24 Hour Change



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

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide