Bitcoin Cash Price Prediction Today: Daily (BCH) Value Forecast – July 31

  • 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.

BCH /USD Medium-term Trend: Ranging

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

Yesterday, July 30,  the price of Bitcoin Cash was trading in a range-bound move below the 12-day EMA and the 26-day EMA. The bulls have broken the 12-day EMA and it is approaching the 26-day EMA. The BCH price is currently facing resistance at the 26-day EMA. 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 60% range. This indicates that price is in a bullish momentum and buy signal.

BCH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of BCH is in a bullish trend. The 12-day EMA and the 26-day EMA are trending upward indicating that price is in a bullish trend. The crypto's price is making a series of higher highs and higher lows as the price reached a high of $336 price level. The $336 price level is now an overhead resistance level.

On July 31, the bulls tested the $336 price level twice and were resis.ted. The market fell as the bears broke below the EMAs.  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 bearish momentum and sell signal.

Live Bitcoin Cash (BCH) Price:

1 BCH/USD =$302.1329 change ~ -6.19%

Coin Market Cap

$5.58 Billion

24 Hour Volume

$692.67 Million

24 Hour VWAP

$310

24 Hour Change

$-18.6956

 

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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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

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