- Bitcoin Cash BCH Gains Steadily For Five Days in a Roll
- High Highs May Be On the Way Soon if the Bulls Can Maintain the Gains
- Bitcoin Cash BCH Stays Steady Despite Downside Correction in the Market
Bitcoin Cash BCH News – A few days ago, almost every cryptocurrency started recording significant gains against the USD. Cardano ADA was leading the bull run and every other token including Bitcoin BTC was following ADA’s lead. Bitcoin Cash BCH, over the last seven days, has recorded major gains against the USD and the price of Bitcoin BTC. Yesterday, the rest of the cryptocurrency market, including Cardano ADA, started correcting lower against the USD. Bitcoin Cash BCH lost the momentum it had earlier. However, it is still trading in green against the USD.
Bitcoin Cash BCH Price Prediction – Bitcoin Cash BCH Maintains Stability Despite Lower Lows Against the USD
In the price charts today, Bitcoin Cash BCH maintained a back and forth price movement against the USD. Over the last four hours, the token has gained $4.1 which reflects a 1.72% surge in price. It reached the resistance at $242.85. Yesterday, the price of Bitcoin Cash BCH closed higher by $0.32 reflecting a 0.13% rise in price and sealing an upward surge for 5 consecutive days. While the price of the BCH token has closed in an upward trend over the last 5 days, the volume has been relatively low. At the end of trading yesterday, the Bitcoin Cash 24 hour volume was down by more than 6.16% against the USD. Eight days ago, it was down by 60.73%.
Bitcoin Cash (BCH) Price Today – BCH / USD
At the time of writing, the price of Bitcoin Cash BCH was $242.41. This means that it is up by 0.24% against the USD and down by 0.41% against the price of BCH. The trading volume over a 24 hour period is $3,214,627,453 and the market capitalization is $4,458,162,617. The 20-day moving average is around the $236.23 price level. This is going to be a key support level for BCH in the coming days. Moving forward, BCH must stay above this support level if it is to avoid moving lower against the USD near-term. On the other hand, there is key resistance at $244.00. If the token can cross this resistance level, higher highs will be achieved soon. Bitcoin Cash BCH might be able to move as high as $250 level in the coming weeks. If BCH closes in green by the end of trading today, this would mark the 6th day of upward trading.