Bitcoin Cash

Bitcoin

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Bitcoin Cash price prediction suggests range expansion might be visible in the coming months.</a> </li> 
 <li> <span>2</span> <a>BCH price is spending time in a wide range between $200 and $260.</a> </li> 
 <li> <span>3</span> <a>The 200-day EMA is acting as an important support for the BCH bulls.</a> </li> 
</ul> 
<p>Bitcoin Cash price prediction suggests bulls are active near the demand zone and a sharp rise is possible. The price had consolidated for quite a long time and was sustaining above the 200-day EMA. It indicates that BCH is forming a strong base near $200 and anytime explode from lower levels.&nbsp;</p> 
<p>BCH price is taking support near the 50-day and 200-day EMAs and showing a minor bounce. Yet, it lacked fresh buying so positive momentum was lost.&nbsp;</p> 
<p>In the last three months, Buyers of<a href="https://www.thecoinrepublic.com/2023/12/23/bitcoin-cash-price-prediction-will-bch-price-give-a-breakdown/" target="_blank" rel="noreferrer noopener"> Bitcoin Cash</a> tried multiple times to break out of the $260.00 hurdle. However, the sellers were highly confident and succeeded in defending the boundaries.&nbsp;</p> 
<p>The price did not decline much and again seemed to be getting ready for another attempt. This attempt might be more powerful as compared to the previous one because slowly and steadily volume is rising.&nbsp;</p> 
<p>However, the sellers were not going to easily give up and BCH needed the participation of crypto whales to register a breakout. Currently, the pair of BCH/USDT is trading at $233.30 with a one-day increase of 1.74%.</p> 
<h2 class="wp-block-heading" id="strong-bitcoin-cash-price-hit-saturation-point-what-s-next-strong"><strong>Bitcoin Cash Price Hit Saturation Point; What’s Next?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1600" height="698" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-692.png" alt="Bitcoin Cash Price: Will Bulls Win Battle in the Range?" class="wp-image-185814" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-692.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-692-300x131.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-692-1024x447.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-692-768x335.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-692-1536x670.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-692-750x327.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-692-1140x497.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.tradingview.com/x/UlMG9X1Q/">BCH/USDT</a> daily chart by Tradingview
  </figcaption>
 </figure>
</div> 
<p>Bitcoin Cash price lacked direction and continues to spend time in a range. It is one of the most outperformed cryptocurrencies in 2023, which generated massive wealth for its investors.&nbsp;</p> 
<p>However, none of the assets can keep on rising so it seems like BCH hits the saturation point. Therefore, it might take a long time to show range expansion. Until this crypto sustains above the $200 level, the coin will remain in the bulls’ grip.&nbsp;</p> 
<p>The analysis suggests that short-term traders can look to scalp <a href="https://www.thecoinrepublic.com/2023/12/23/bitcoin-cash-price-prediction-will-bch-price-give-a-breakdown/">BCH</a> inside the range until a clear direction is visible.</p> 
<h3 class="wp-block-heading" id="strong-bch-price-analysis-are-there-any-signs-of-range-expansion-strong"><strong>BCH Price Analysis: Are There Any Signs of Range Expansion?</strong></h3>  
<div class="tradingview-widget-container"> 
 <div class="tradingview-widget-container__widget"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-advanced-chart.js" async>
  {
  "width": "900",
  "height": "550",
  "symbol": "BINANCE:BCHUSDT",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "support_host": "https://www.tradingview.com"
}
  </script> 
</div>  
<p>BCH price action does not show any signs of range expansion, but the presence of bulls at the lower levels is visible. So, the risk of downside remains low which is good news for its long-term investors.&nbsp;</p> 
<p>The next directional move will be visible when new market participants enter the market to push the price upward. In the present scenario, only short-term traders can look for buy-on-dips opportunities to generate short-term gains.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>Bitcoin Cash price prediction suggests this crypto has reached the saturation point and it might take time to show range expansion. However, as long as the BCH price holds $200 support, the long-term investors are safe and the possibility of range expansion remains high.</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $260.01 and $270.30</li> 
 <li>Support levels: $213.00 and $201.07</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. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Bitcoin Cash Price: Will Bulls Win Battle in the Range?

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