Bitcoin Cash Price Prediction Today: Daily (BCH) Value Forecast – July 29

  • On July 14, the downward trend was corrected at the $280 price level.
  • On the upside, if the bulls break above the 12-day EMA and the 26-day EMA, the coin will rise and retest the $400 and $480 price levels.

BCH /USD Medium-term Trend: Ranging

  • Resistance Levels: $480, $500, $520
  • Support Levels: $280, $260, $240

Last week the price of Bitcoin Cash was in a range-bound move below the 12-day EMA and the 26-day EMA. In the previous weeks, the crypto had been on a downward correction. On June 27, the bulls were resisted at the $480 price level and the market fell on a downward correction to a low at $400 price level.

The bulls defended the support level for over a week before it was broken by the bears. On July 14, the downward trend was corrected at the $280 price level. The crypto’s price had been ranging below the EMAs in the last two weeks.

On the upside, if the bulls break above the 12-day EMA and the 26-day EMA, the coin will rise and retest the $400 and $480 price levels. On the other hand, if the bulls fail to break the EMAs, the crypto’ price will continue its range-bound move below the EMAs. Meanwhile, the BCH market is in the overbought 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 horizontally indicating that price is in a sideways trend. On July 27, the bulls were resisted in the bullish trend zone at a price of $324.

The market fell as the bears broke the EMAs to a low of $304 price level. The crypto’s price is fluctuating below and above the EMAs. Meanwhile, the BCH market is in the overbought region of the daily stochastic but below the 60% range. This indicates that price is in a bearish momentum and sell signal.

Live Bitcoin Cash (BCH) Price:

1 BCH/USD =$227.7043 change ~ -0.17%

Coin Market Cap

$4.22 Billion

24 Hour Volume

$207.95 Million

24 Hour VWAP

$228

24 Hour Change

$-0.3903

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

Get Free Email Updates!

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

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,487FansLike
2,795FollowersFollow
4,273FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

YFI Plunge Might be Over After Record Number of Addresses Unload All their Tokens

In the past three days, the DeFi darling YFI has lost more than 36% of its value, going from $34,400 to $21,950 today. At the...

Financial Firms & Law Enforcement Find Cryptocurrencies More Risky Than Opportunistic: RUSI Survey

Financial firms, government, and the private sector all see cryptocurrencies as risky, found a survey by the Royal United Services Institute think-tank and the...

Kadena to Launch DEX to Rival Uniswap; Touts Higher Speeds and Multiple Protocol Support

Kadena announced on Tuesday that it would roll out a Decentralized Exchange (DEX) dubbed ‘Kadenaswap’ towards the end of 2020 in a bid to...

Crypto Exchange Bitpanda Raises $52 Million in Series A Round to Offer Access to Stock Markets

Cryptocurrency exchange Bitpanda has raised $52 million in its first major funding round, Series A led by PayPal co-founder Peter Thiel’s Valar Ventures. Other...

Coinbase Launches Staking Program For Cosmos, ATOM Holders Can Earn 5%

In a blog post released on Wednesday, Coinbase introduced staking on ATOM, promising up to 5% return per annum on the value staked. The...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today