Bitcoin Cash Price Prediction Today: Daily (BCH) Value Forecast – July 26
- On the upside, if the bulls break above the EMAs, the crypto’s price will rise and retest the $425 and $480 resistance levels.
- On the other hand , if the bulls fail to break the EMAs, the price will continue to range below the EMAs.
BCH /USD Medium-term Trend: Ranging
- Resistance Levels: $480, $500, $520
- Support Levels: $300, $290, $280
Yesterday, July 25, the price of Bitcoin Cash was in a range bound move below the 12-day EMA and the 26-day EMA. The bulls have made attempts to break above the EMAs. On the upside, if the bulls break above the EMAs, the crypto’s price will rise and retest the $425 and $480 resistance levels. On the other hand , if the bulls fail to break the EMAs, the price will continue to range below the EMAs.
On July 14, the downward trend was corrected at the $280 price level. At the $280 support level, the bulls made an upward move to break above the EMAs but were resisted. The bulls are facing resistance at the 12-day EMA . Meanwhile, the BCH market is in the oversold region of the daily stochastic but above the 40% range. This indicates that price is in a bullish momentum and buy signal.
BCH/USD Short-term Trend: Ranging
On the 1-hour chart, the price of BCH is in a sideways trend. The 12-day EMA and the 26-day EMA are trending northward indicating that price is rising. The crypto's price is above the EMAs which indicates the price will continue to rise. Meanwhile, MACD line and signal line are below the zero line which indicate a sell signal.
Live Bitcoin Cash (BCH) Price:
1 BCH/USD =$534.7598 change ~ -0.51%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.