Bitcoin Cash

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<p>The post <a href="https://coinpedia.org/price-analysis/bitcoin-cash-price-records-29-month-high-bch-price-to-hit-1000-in-q2/" rel="noopener noreferrer nofollow">Bitcoin Cash Price Records 29-Month High! BCH Price To Hit $1,000 In Q2?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Despite the elite cryptocurrency displaying a mixed sentiment, the industry has displayed a bullish trend reversal in the market as top altcoins and mid-cap tokens record significant uptrends in their respective portfolios.</p>
<p>Bitcoin cash price has successfully regained momentum after testing its low of $584, indicating increased inflow in the market. Moreover, the upcoming <a href="https://coinpedia.org/beginners-guide/what-is-bitcoin-halving/" rel="noopener noreferrer nofollow">Bitcoin Halving</a> is considered one of the major factors for the recent pump as it indicates more traders are turning into investors of this asset.</p>
<h2 class="wp-block-heading" id="h-bitcoin-cash-price-hits-700-for-the-first-time-since-september-2021">Bitcoin Cash Price Hits $700 For the First Time Since September 2021!</h2>
<p>After displaying a negative trend since the month’s start, the bulls have successfully regained momentum and recorded a significant jump in valuation. Moreover, the <a href="https://coinpedia.org/price-prediction/bch-bitcoin-cash-price-prediction/" rel="noopener noreferrer nofollow">BCH price</a> reclaimed $700 after a wait of 29 months, indicating a strong bullish influence in the crypto space.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/JIB8mMUMeyfGy1pCg3iDMC3bG3yhS4eHDTzfu961VTu8agvSmgEocMdCqyb_MrnQ9549FZ-ftIqMFmwHmQR-57hQETSZk3HULid_Hh8atMlAECfEj4iBOCFltPJBOhJ6F8rP6tLtHXA5KwDd7EEHq4I" alt="BCH Price Analysis">
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  TradingView: BCH/USDT
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</figure>
<p>However, the rally was short-lived as the price faced rejection shortly after reclaiming its high. This further hints at a strong liquidation point at that level as the token constantly faces rejection at its resistance level of $700.</p>
<p>Positively, the altcoin has added over 9% within the past 24 hours and approximately 52.50% over the past 30 days. At the time of writing, the trading <a href="https://markets.coinpedia.org/bitcoin-cash/" rel="noopener noreferrer nofollow">price of Bitcoin Cash</a> was $690.1 and its YTD stood at 165.83%, indicating a high potential for this crypto token in the long-term perspective.</p>
<h2 class="wp-block-heading" id="h-bch-s-market-sentiments">BCH’s Market Sentiments!</h2>
<p>The Simple Moving Average (SMA) shows a bullish curve in the chart, suggesting a robust positive influence in the cryptocurrency market.</p>
<p>On the other hand, the MACD displays a constant rise in the green histogram, indicating an increased buying-over-selling pressure in the market. Moreover, the averages show a significant uptrend, suggesting the price will continue gaining value in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-bch-price-reach-1-000">Will BCH Price Reach $1,000?</h2>
<p>If the bulls continue to dominate the market, the BCH price will continue gaining value and test its resistance level of $750 during the upcoming week. Maintaining the price at that level will set the stage for the Bitcoin Cash token to attempt to test its upper level of $800 this month.</p>
<p>Conversely, if a trend reversal occurs, the altcoin will lose momentum and fall to test its support level of $650. Furthermore, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $600 in the coming time.</p>

Bitcoin Cash Price Records 29-Month High! BCH Price To Hit $1,000 In Q2?

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