Bitcoin Cash

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The post <a href="https://coinpedia.org/price-analysis/bch-price-aims-55-upside-with-500-breakout-in-june/" rel="noopener noreferrer nofollow">BCH Price Aims 55% Upside With $500 Breakout In June</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the Bitcoin price sustaining above the $71,000 level, the close-linked Bitcoin Cash shoots overnight. As the BCH price trend siphons additional boost from the market recovery, the bulls are making a comeback.&nbsp;
With an 8.67% jump this week, the buyers undermined last week’s downfall. As the bull run picks up pace, will the Bitcoin Cash price reach $1,000 in this recovering market? 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>
Despite a dip under the $500 cushion in April, the BCH price took support at the crucial demand zone of $400. However, as the market bounces back, Bitcoin Cash takes a bullish reversal with a successful retest.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXf6QBG62CStMwEFBvmlGjsBqOMEmmutE3qptOaXPB8uiWy9-x2Zf_rCQ0kds8O-fndsY9phjvJ3xn6BbOoA6daCys_ipN1C5ZGGWV4pEEGY7PGs2s5eJOkadGrkcn9BctcP65vytpQqYxofoIOAut5tlcE-?key=oQPCExmmZyOZfabNsdgZzg" alt="">
</figure>
<a href="https://www.tradingview.com/x/ammFZdJL/" rel="noopener noreferrer nofollow">Tradingview</a>
In the weekly chart, this week’s 8.67% jump undermines the evening star pattern and last week’s downfall. This increases the possibility of an upside move as the altcoin undergoes a rounding reversal.&nbsp;
Currently, the BCH price trades at $492.97 following the 3.86% jump last night to make a third consecutive positive day. However, the 0.56% intraday pullback warns of a minor fall today.&nbsp;
Technical indicators:
EMAs: The golden crossover in the 50 and 200 weekly EMAs bolsters the uptrend chances in the Bitcoin Cash price.&nbsp;
RSI: As the recovery rally gains momentum, the weekly RSI line teases a W-shaped reversal, ready to reach the overbought zone.&nbsp;
<h2 class="wp-block-heading" id="h-will-the-bch-price-cross-600-nbsp">Will The BCH Price Cross $600?&nbsp;</h2>
As per the Fibonacci levels, the BCH token price takes a bullish reversal from the 23.60% level and is ready to reclaim the $500 mark. As the bullish dynamics take over the price chart, the upcoming trend in the Bitcoin Cash price trend seems optimistic.&nbsp;
An upside potential above the $500 mark could cross the 38.20% Fibonacci level at $600 to reach a 50% level at $760 by the end of June.&nbsp;

BCH Price Aims 55% Upside With $500 Breakout In June

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