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The post <a href="https://coinpedia.org/price-analysis/bch-price-near-400-extends-buying-opportunity/" rel="noopener noreferrer nofollow">BCH Price Near $400 Extends Buying Opportunity</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the broader market recovery taking early steps, the BCH price is near a crucial support level, which provides a buy-the-dip opportunity. The lack of bullish momentum delays the comeback rally in Bitcoin Cash, as Bitcoin stays volatile, close to $60,000.
As the meme coin rally gains momentum, the sideline traders anticipate the altcoins will witness increased demand. 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>
Being a close cousin to Bitcoin, the BCH price trend depends on the BTC price movement. Currently, the BTC price fluctuates near $60,000, with a longer range; however, Bitcoin Cash stays consistent above $400.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/83pOCBaK1g6Akh3NeoRDnhYg3KfEXed16B35KUbHU70lD0ZXAh7uFAQFh73mrfYSRR-eL5Zs_VAEdJAetF665prisf4e3lPRY-NZvOPwKjobCX_1x0QnEmMajnn21xD7-Fr6-UfSgrNNhOPWg_JIEjU" alt="">
</figure>
<a href="https://www.tradingview.com/x/mlrKW3ax/" rel="noopener noreferrer nofollow">Tradingview</a>
In the weekly chart, the 7.71% drop last week makes a bearish candle to undermine the lower price rejection candle a week before. Currently, the BCH price trades at $432 with an intraday move of 0.77%, reflecting a halt in bearish pressure after 2% drop last night.&nbsp;
Further, the downfall comes as the retest of the rounding bottom breakout with a neckline at 23.60% Fibonacci level. Hence, some of the market participants expect a post-retest reversal rally for a new peak.&nbsp;
Technical indicators:
EMAs: The high anticipations of a golden crossover in the 50 and 200 weekly EMAs bolster the uptrend chances.&nbsp;
RSI: During the recent correction, the weekly RSI line exits the overbought zone but sustains above the halfway line.
<h2 class="wp-block-heading" id="h-will-the-bch-price-cross-500-nbsp">Will The BCH Price Cross $500?&nbsp;</h2>
As per the Fibonacci levels, the BCH token price is close to the support confluence at the $400 level and the 23.60% level. This increases the likelihood of a bullish comeback for Bitcoin Cash.&nbsp;
On the flip side, a downfall under $400 could retest $250.

BCH Price Near $400 Extends Buying Opportunity

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