BITCOIN CASH Price Prediction Today: Daily (BCH) Value Forecast – July 30


  • The short-term is in a bullish trend while the medium-term outlook is in a range-bound market.
  • Patience is required in trading the consolidation.

BCH/USD Medium-term Trend: Ranging

Supply zones: $500, $600, $700
Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term is in a range-bound market. The bears had an upper hand during yesterday session as the market opens at $310.91. The pressure was much stronger with the coin dropping to $301.13 in the demand area before the close of the day.

Today’s 4-hour opening candle at $305.27 closed as a spinning top an indication of a reversal as the bulls stage a return with the break of the resistance at two EMAs crossover, BCHUSD rose to $318.10 within the range.

With price above the two EMAs and the stochastic oscillator signal pointing up at 78%. it suggests an upward momentum in price within the range in the medium-term.

BCHUSD is in consolidation and trading between $326.20 in the upper supply area and at $272.74 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The bulls bounce back after the rejection of downward price movement at $302.10 in the demand area after today’s opening.

The formation of two bullish doji further confirms the bulls’ takeover with the break at the two EMAs with a large bullish candle. BCHUSD soars to $318.10 in the supply area.
Minor drawdown creating a flag before the bullish continuation may occur.

With price above the two EMAs and the stochastic oscillator signal pints up at 78% it suggests bullish continuation. $325.00 in the supply area is the bulls initial target in the short-term.

Live Bitcoin Cash (BCH) Price:

1 BCH/USD =$1,167.5101 change ~ -1.09%

Coin Market Cap

$21.88 Billion

24 Hour Volume

$2.78 Billion

24 Hour VWAP

$1.2 K

24 Hour Change

$-12.72

 

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 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