Bitcoin Cash Price Prediction Today: Daily (BCH) Value Forecast – June 26
- Meanwhile, from the Fibonacci tool, the crypto’s price is in the 0.236 (23.6%) Fib.retracement level.
BCH /USD Medium-term Trend: Bullish
- Resistance Levels: $480, $500, $520
- Support Levels: $460, $440, $420
Yesterday, June 25, the price of BCH was in a bullish trend. As earlier suggested the 26-day EMA support level was held ( the 0.50 Fib. retracement level) as the bulls retested the $500 price level. The BCH price is above the 12-day EMA and the 26-day EMA which suggest that price is likely to rise. Meanwhile, from the Fibonacci tool, the crypto’s price is in the 0.236 (23.6%) Fib.retracement level.
The 0.236 and the 0.382 Fib. retracement levels are the continuation zone for a trending market. The BCH price is likely to rise in the continuation zone of 0.236 Fib. retracement level. Nevertheless, the BCH market is in the overbought region of the daily stochastic but above 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 northward indicating that price is rising. On June 26, the crypto’s price rose and reached a high of $513 but was resisted. The price made a downward retracement to the support of the 12-day EMA.
On the downside, if the bearish pressure continues and the trend line is broken and another candlestick forms on the opposite of it; the current trend is said to be terminated. Meanwhile, the BCH market is in the overbought region of the daily stochastic but above the 80% range. This indicates that price is in a bullish momentum and buy signal.
Live Bitcoin Cash (BCH) Price:
1 BCH/USD =$487.6900 change ~ -10.30%
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