Bitcoin Cash (BCH) Is Hovering Around the $560 Mark, While Waiting For Bullish Momentum

The digital currency market was largely mixed on Tuesday, with no clear triggers to move top digital currencies in the market downward or upward. Meanwhile, Bitcoin Cash (BCH) was broadly flat. Most of the gains of the digital currency were capped by selling pressures, preventing the digital currency from posting considerable gains.

Bitcoin Cash (BCH) Price Today – BCH / USD

NamePrice
bitcoin
Bitcoin
$8,241.884.41%
bitcoin-cash
Bitcoin Cash
$225.506.61%

At the time of writing, Bitcoin Cash (BCH) is trading at $567 after a decrease of about ten percent over the past twenty-four hours. The current market cap of the digital currency is $9.79 billion and its trading volume over the past twenty-four hours is $479.28 million.

Bitcoin Cash (BCH) Prediction and Analysis

The digital currency initially found support at the $527 mark before it started consolidating higher. The digital currency saw a breakout form the first hurdle point, which can be traced at the $532 mark. Bitcoin Cash (BCH) later broke over the $550 mark and surged over the $560 level.

At the moment, the digital currency is facing hurdle at the $575 mark. Also, the MACD indicated that the digital currency was gradually making its way into the bullish zone. The 100-day exponential moving average trendline signaled that the digital currency was in an upward trend.

Bitcoin Cash was showing a significant trading range between the $550 and $580 mark. The digital currency has been trading beneath the $600 mark for quite some time now, and it needs enough bullish momentum to break over this level.

Bitcoin Cash Latest Update

Netcoins – an online marketplace that allows users to sell and buy digital currencies – recently announced that it would be adding Bitcoin BCH to its platform. The firm also operates a Virtual Digital Currency ATM platform to allow users to purchase digital currencies in an easy, timeless manner. Now, the users of Bitcoin Cash BCH will have access to all the twenty-one thousand operational virtual digital currency machines of Netcoins all over the world.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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