Bitcoin Cash

Bitcoin

Resistance

Million

Gains

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Bitcoin Cash (BCH) price lifted off 9.51% in the last 24 hours and is currently trading at $235.61.</a> </li> 
 <li> <span>2</span> <a>Bitcoin Cash (BCH) price took support from the 50-day EMA and surged higher.&nbsp;</a> </li> 
 <li> <span>3</span> <a>The daily chart illustrates the breakout and retest of an upper trendline resistance.&nbsp;</a> </li> 
</ul> 
<p>The Bitcoin Cash price is up by 9.5% at the time of writing and is committed to gaining more by the end of the intraday session. The bulls hold control over the trend and the price might show gains to test the upper supply levels of $300.&nbsp;&nbsp;</p> 
<p>The daily chart illustrates the breakout followed by a retest of the previous breakout zone. The price accumulated the buying volume near the 50-day EMA and surged to break above the previous high, thus forming a positive price action. The price trend analysis states that the BCH crypto price witnessed a surge of over 150% in the last week of June taking the price from $100 to a high of $300. Thereafter the short-term surge triggered a profit booking and the crypto price slumped below the $200 level.<br><br>However, the bears lost momentum near the 200-day EMA and the price witnessed an accumulation followed by a price hike leading to the breakout of the upper trendline resistance.</p> 
<h2 class="wp-block-heading" id="strong-bitcoin-cash-price-prediction-using-price-action-strategy-strong"><strong>Bitcoin Cash Price Prediction Using Price Action Strategy</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="456" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-944-1024x456.png" alt="Bitcoin Cash (BCH) Price Gains Despite Weakness In BTC And ETH?" class="wp-image-171896" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-944-1024x456.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-944-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-944-768x342.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-944-1536x684.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-944-750x334.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-944-1140x508.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-944.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: BCH/USD By <a href="https://www.tradingview.com/x/E9ff22G1/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Recently, the<a href="https://www.thecoinrepublic.com/2023/09/27/bitcoin-cash-accumulation-likely-to-grow-with-long-term-holders/" rel="noopener noreferrer nofollow"> Bitcoin Cash</a> price observed a retest of the breakout near the $200 level where the bulls had firmly established their positions and the price showed a breakout. The overall crypto market is bullish boosting the price trend and the BCH crypto price observed a gain of nearly 10% in the last 24 hours.&nbsp;</p> 
<p>Also, the volume analysis shows that the BCH token has received a $186.54 Million volume in the past 24 hours which is 186.54% more than the past day. The volume-to-market cap is 10.21% indicating mild volatility in the crypto.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-bch-price-forecast-from-indicators-point-of-view-strong"><strong>BCH Price Forecast from Indicators’ point of view</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="456" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-943-1024x456.png" alt="Bitcoin Cash (BCH) Price Gains Despite Weakness In BTC And ETH?" class="wp-image-171895" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-943-1024x456.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-943-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-943-768x342.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-943-1536x684.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-943-750x334.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-943-1140x508.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-943.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: BCH/USD By <a href="https://www.tradingview.com/x/E9ff22G1/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>As per the EMA analysis, the BCH price showed a breakout of the 50-day EMA indicating that buyers are dominating the trend. The price is trading above the 200-day EMA.</p> 
<p>At the time of publishing, the RSI value of the BCH token is 66.7 and that of the SMA line is 54.3. RSI is headed upwards taking support from the SMA line indicating an optimistic trend.&nbsp;</p> 
<p>MACD lines have made a bearish crossover. Also, Histogram bars are being formed above the mean line with increasing height indicating bulls dominating the market.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The <a href="https://www.thecoinrepublic.com/2023/09/27/bitcoin-cash-accumulation-likely-to-grow-with-long-term-holders/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Cash price</a> is bullish after breaking out of the upper trendline resistance and retesting the breakout zone near the $200 level. The price is up by 9.5% and might test the $300 level. The price trend is supported by the bullish crypto market and the high volume. The volume-to-market cap is 10.21% indicating mild volatility. The price is above the 50-day and 200-day EMA showing positive momentum.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $202 and $179.3.</li> 
 <li><strong>Resistance levels:</strong> $263.5 and $305.75.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Bitcoin Cash (BCH) Price Gains Despite Weakness In BTC And ETH?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 29, 2023

Tottenham Hotspur Teams Up with Socios.com to Offer Fans Unique Benefits

TSM Stock Shed 14%; RSI Negativity Suggests Further Decline?

Ethereum Price Prediction: ETH May Reach $1800 by November 2023

Valkyrie’s Ethereum ETF Futures Approval Sparks ETH Rally and Liquidations

Meta’s CEO Mark Zuckerberg Unveils Ultra-Realistic Metaverse Avatars

Gemini halts Dutch operations amid strict DNB regulations

Join our free newsletter for daily crypto updates!