Bitcoin Cash

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The post <a href="https://coinpedia.org/price-analysis/bch-price-brings-the-best-entry-for-long-term-holders/" rel="noopener noreferrer nofollow">BCH Price Brings The Best Entry For Long-term Holders</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Following a massive crash during Bitcoin’s downfall, the BCH price trend faces a small hiccup in its recovery phase. With an evening star kickstarting a bearish takeover, the altcoin finally regains momentum at $400 for a comeback.&nbsp;
After the much anticipated Bitcoin Halving fails to boost the market in April, a turnaround is possible in May. As the recovery rally picks up momentum, the Bitcoin Cash price could surpass the realm of triple digits. Will the Bitcoin Cash price reach $1,000 in 2024? Find out more about our <a href="https://coinpedia.org/price-prediction/bch-bitcoin-cash-price-prediction/" rel="noopener noreferrer nofollow">BCH price prediction</a>, which provides a long-term view.&nbsp;
<h2 class="wp-block-heading" id="h-bitcoin-cash-price-performance-nbsp">Bitcoin Cash Price Performance&nbsp;</h2>
With a market cap of $9.34 Billion, Bitcoin Cash at #15 is skipping ranks in the list of top 100 altcoins. The BCH token price marks a downfall of 36% drop in April to break under the $500 psychological mark.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/T2aMFncZaCYwKOe1Klu9gxnSa-PIs5sArhiThLxA58lXONa4fOjVyYtxQjQSz4oNi-s2DSpejfjEJFPcDlFRJfGfG0S0kU15cHe5rMA8VchhYAse-Hc6uWItrLhbvr59Ph8-maX7MQuMAJdjDrcJEgo" alt="">
</figure>
<a href="https://www.tradingview.com/x/O2WTMLfR/" rel="noopener noreferrer nofollow">Tradingview</a>
However, despite the sharp drop last month, the 1W chart provides a slightly bullish perspective. The long-tail rejection in the recent weekly candle reflects strong underlying demand at the $400 level.&nbsp;
The long-tail Doji candle increases the likelihood of a morning star pattern to revive the uptrend. Further, a broader market recovery could propel the BCH price beyond the $500 mark.&nbsp;
<h2 class="wp-block-heading" id="will-the-bch-price-turn-green-in-may">Will The BCH Price Turn Green in May?</h2>
Currently, the Bitcoin Cash price trades at $474 and has recovered 9.29% in just six days of May. A bull run beyond $500 is possible because the uptrend sustains momentum.&nbsp;
As per the Fibonacci levels, the BCH token price could reach the 50% level at $762.On the flip side, another spike in supply could retest $400.&nbsp;
Technical indicators:
EMAs: The high anticipations of a golden crossover in the 50 and 200 weekly EMAs bolster the uptrend chances.&nbsp;

BCH Price Brings The Best Entry For Long-term Holders

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