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The post <a href="https://coinpedia.org/price-analysis/bitcoin-cash-price-breaks-560-mark-bch-price-to-jump-15-soon/">Bitcoin Cash Price Breaks $560 Mark! BCH Price To Jump 15% Soon?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The BCH price has reclaimed the $500 mark with a jump of over 10% within the past 24 hours. Further, the market continues to trade under a strong bullish influence, indicating a positive uptrend for this <a href="https://markets.coinpedia.org/bitcoin-cash/">Bitcoin Cash price</a> during the upcoming weeks. 
After displaying a neutral trend for a short period, the <a href="https://coinpedia.org/price-prediction/bch-bitcoin-cash-price-prediction/">BCH price</a> jumped 64.02% within the next two days, after which the price faced rejection at the resistance level of $508. Following this, the altcoins traded in a closed range for a while, during which the market hinted at a bearish sentiment. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/R5BA0R7nSDOQb04-hjMBYoQfeDuwinV3RY7CEKu70QbmNAmaz3N416wOKiRHT_GDcLmxl102wB0vru464JJbRJbvsbmJAsqMTnqkT9PFLYiIek2NJ_XPA4eiHzchcoC1x_H7OiYP7olkIcMEiYQhlgQ" alt="BCH Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: BCH/USDT
 </figcaption>
</figure> 
As the volatility in the market grew, the bulls broke down the support level, where the price traded in a closed range between $402 and $450 for twelve days, following which the bulls lost momentum and displayed a negative price action. 
However, the bulls held the price above the support level of $357, resulting in the bulls regaining momentum. Since then, the price has been trading positively and has recorded a jump of 58.54% in valuation.&nbsp; 
The technical indicator, MACD, displays a constant green histogram, highlighting a bullish influence in the crypto industry. Further, the averages show a rising pattern, suggesting the price will continue gaining value this week. 
Also Read: <a href="https://coinpedia.org/price-analysis/is-btc-price-due-for-a-correction-will-bitcoin-halving-fail-to-maintain-the-bullish-momentum/">Is BTC Price Due for a Correction? Will Bitcoin Halving Fail to Maintain the Bullish Momentum?</a> 
<h2 class="wp-block-heading" id="h-will-bch-price-go-up">Will BCH Price Go Up?</h2> 
If the market pushes the Bitcoin Cash price above the resistance level of $566, the bulls will continue to gain momentum and test its upper level of $600 this week. Furthermore, if the price continues to trade under a bullish influence, it will attempt to test its upper resistance level of $650 in the coming time. 
Negatively, if the bears overpowered the bulls, the BCH price would lose momentum and fall to test its support level of $508. Moreover, if the bulls fail to regain momentum, the price will further plunge and prepare to test its lower support level of $450 during the upcoming month.

Bitcoin Cash Price Breaks $560 Mark! BCH Price To Jump 15% Soon?

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