Bitcoin Cash

Bitcoin

Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Bitcoin Cash’s price increased by 0.84% over the last week.</a> </li> 
 <li> <span>2</span> <a>The price of the BCH crypto is trading at $209.28 and the 52-week range is between $91.00 – $327.52.</a> </li> 
</ul> 
<p>Bitcoin Cash crypto surged by 0.21% in market value and plummeted 27.12% in trading volume in the last 24 hours, as per CoinMarketCap which is a crypto data website. Its market value is $4,083,368,298 and its trading volume is $150,096,398. There are 19,511,194 BCH in circulation.</p> 
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  <img decoding="async" loading="lazy" width="1024" height="388" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-694-1024x388.png" alt="" class="wp-image-170367" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-694-1024x388.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-694-300x114.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-694-768x291.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-694-1536x582.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-694-750x284.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-694-1140x432.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-694.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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<p>The biggest whale of BCH sold off a large chunk of their coins between September 11 to September 18, 2023. They transferred 21,500 BCH which was valued at around $4.85 Million at the time.&nbsp;</p> 
<p>Despite this, they still hold 6.87% of all the BCH supply, which amounts to 1,339,911 BCH as of September 18, 2023. This was the last day they moved any coins out of their address. You can check their balance and transactions on BitinfoCharts, a website that offers various statistics and data on cryptocurrencies. BitinfoCharts also displays the top 100 richest BCH addresses, their share of the total supply, and their recent activity.</p> 
<p>According to the data from BitInfoCharts, the average fee for sending Bitcoin Cash in July 2023 was $0.98, and it remained around the same level even now. This indicates that the demand and supply for Bitcoin Cash transactions were relatively stable and the network was able to handle the volume of transactions without creating congestion or delays.</p> 
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  <img decoding="async" loading="lazy" width="1024" height="308" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-693-1024x308.png" alt="" class="wp-image-170366" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-693-1024x308.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-693-300x90.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-693-768x231.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-693-1536x463.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-693-750x226.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-693-1140x343.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-693.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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<h2 class="wp-block-heading" id="strong-technical-analysis-of-bch-on-1-d-timeframe-strong"><strong>Technical Analysis of BCH on 1-D Timeframe</strong></h2> 
<p>BCH crypto price showed a downward trend for the past three months, decreasing by 40% during this period; the price fell from $309 to $209 by making lower lows and highs.&nbsp;</p> 
<p>At the time of publication, the <a href="https://www.thecoinrepublic.com/2023/09/12/bch-price-forecast-2023-will-bitcoin-cash-price-plummet-more/" target="_blank" rel="noopener noreferrer nofollow">BCH</a> crypto price is trading at $209.28 and trying to take support in the demand zone.</p> 
<p>Therefore, if the BCH crypto price sustains the current level and rises, then it might hit the nearest resistance levels of $249 and $273.</p> 
<p>Therefore, the BCH crypto price could continue to move downwards and reach the nearest support at $186 and $168 if BCH fails to sustain the current level.</p> 
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  <img decoding="async" loading="lazy" width="1024" height="594" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-692-1024x594.png" alt="" class="wp-image-170365" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-692-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-692-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-692-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-692-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-692-1140x661.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-692.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: BCH/USD.1D.BITSTAMP by TradingView 
  </figcaption> 
 </figure> 
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<p>At the time of publishing, the <a href="https://www.thecoinrepublic.com/2023/09/15/bitcoin-cash-crypto-forecast-bch-price-ready-to-breach-250/" target="_blank" rel="noopener noreferrer nofollow">BCH crypto</a> price is trading above the 20 and 50-day EMAs (exponential moving averages), which are supporting the trend.&nbsp;</p> 
<p>The MACD line at 2.65 and the signal line at 0.95 are above the zero line and both lines cross each other and a bullish cross in the MACD oscillator. The current value of the RSI is 52 points and the 14-day SMA is below the median line at 52 points. Collectively, the indicators’ view has consolidated to bullish.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>BCH crypto price prediction shows a neutral to positive outlook from investors and traders in the daily time frame. Bitcoin Cash price action reveals a bullish trend at the time of writing. Moreover, the daily chart shows that the price might either consolidate or keep going up as per technical indicators like RSI, EMA, and MACD.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels: </strong>$186.25 and $168.09</li> 
 <li><strong>Resistance levels: </strong>$220.01 and $249.79</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Bitcoin Cash: How Are BCH Whales Behaving In The Market?

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