Bitcoin Cash Price Prediction Today: Daily (BCH) Value Forecast – June 12


  • On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the overhead resistance.
  • However, if the bulls fail to break the EMAs, the market will continue its range bound move.

BCH /USD Medium-term Trend: Bullish

  • Resistance Levels: $400, $425, $450
  • Support Levels: $375, $350,$325

Yesterday, June 11, the price of Bitcoin Cash was in a bullish trend. From the price action, on May 29, the BCH market reached a high of $457 overhead resistance. The following day the bulls were resisted and the market had a downward correction to the support of the 12-day EMA. On June 3, the bulls were resisted and the price fell below the EMAs.

The crypto’s price is now ranging below the EMAs or above $380 price level. On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the overhead resistance. However, if the bulls fail to break the EMAs, the market will continue its range bound move.

From the Fibonacci retracement tool, BCH price fell to the support of the 0.382 Fib. retracement level. The 0.236 and 0.382 Fib. retracement levels are the continuation zones for a trending market. If the bulls defend the 0.382 Fib. retracement level, the market will be in a bullish momentum. 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 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 horizontally flat indicating a sideways trend. The market has the appearance of small body candlesticks like the Doji and the spinning tops which describe the indecision between the buyers and sellers.

Meanwhile, the BCH market is in the overbought region of the daily stochastic but below the 60% range. Which indicates that price is in a bearish momentum and sell signal.

Live Bitcoin Cash (BCH) Price:

1 BCH/USD =$492.4388 change ~ 0.82%

Coin Market Cap

$9.18 Billion

24 Hour Volume

$350.55 Million

24 Hour VWAP

$493

24 Hour Change

$4.03

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