Bitcoin Cash Price Prediction Today: Daily (BCH) Value Forecast – June 19

  • On the upside, if the bulls break above the EMAs the crypto’s price will rise to retest the $440 overhead resistance level.
  • On the other hand, if the bulls fail to break above the EMAs, the crypto’s price will fall and range below the EMAs.

BCH /USD Medium-term Trend: Bearish

  • Resistance Levels: $420, $430, $440
  • Support Levels: $410, $400,$390

Yesterday, June 18, the price of Bitcoin Cash was in a bullish trend. The BCH price was in an upward move to retest the overhead resistance level. From the price action, the crypto’s price is below the 12-day EMA and the 26-day EMA after the downward correction. On the upside, if the bulls break above the EMAs the crypto’s price will rise to retest the $440 overhead resistance level. On the other hand, if the bulls fail to break above the EMAs, the crypto’s price will fall and range below the EMAs.

From the Fibonacci retracement tool, BCH price is not yet in the support level of the 0.382 Fib. retracement level. The bulls have to break above the EMAs for the price to be in the continuation zone of the Fib. retracement level. Meanwhile, the BCH market is in the oversold region of the daily stochastic but above the 20% range. Which indicates that price is in a bullish momentum and buy signal.

BCH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of BCH is in a bearish trend. The 12-day EMA and the 26-day EMA are trending southward after the bulls were resisted at $436 overhead resistance. On June 17, the bulls were resisted twice and the price fell below the EMAs to a low at $404 price level. Meanwhile, the BCH market is in the oversold region of the daily stochastic but above the 40% range. Which indicates that price is in a bullish momentum and buy signal.

Live Bitcoin Cash (BCH) Price:

1 BCH/USD =$298.4942 change ~ 4.64%

Coin Market Cap

$5.52 Billion

24 Hour Volume

$399.38 Million

24 Hour VWAP

$293

24 Hour Change

$13.8473

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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