Bitcoin Cash

bullish

Bitcoin

Verge

Rise

<p>The post <a href="https://coinpedia.org/price-analysis/bitcoin-cash-bch-price-eyes-to-hit-500-as-btc-price-nears-70k/" rel="noopener noreferrer nofollow">Bitcoin Cash (BCH) Price Eyes To Hit $500 As BTC Price Nears 70K?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The cryptocurrency market has displayed a strong bullish price action over the past weekend, indicating an increase in the buying-and-selling pressure within the crypto space. Further, the market leader, <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> price has reclaimed the $69K mark, suggesting a bullish outlook this week.</p>
<p>Following this, Bitcoin Cash (BCH) price has displayed a similar price action by adding approximately 18% to its portfolio over the past 2 days. With the rising volatility, will BCH price hold momentum and reclaim $500 or retest its lows?</p>
<h2 class="wp-block-heading" id="h-bch-price-on-the-verge-of-a-major-breakout">BCH Price On The Verge Of A Major Breakout:</h2>
<p>Amid increased price volatility in the crypto market, the <a href="https://coinpedia.org/price-prediction/bch-bitcoin-cash-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Cash price</a> has added 13.08% to its portfolio with a trading volume of 426.322 Million and a 24-hour High/Low of $444.51 and $391.93. Furthermore, it has surged 13% within the past seven days and 16.89% over the past 30 days.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcMSfRhydKlN7sYky4lRVkxdGeZtkYMQ0exyvhBND1H837yV4mHiG6lPuxkTha10HoqXSHtfm9Csht2skAplBPR_cIcED4ccvOw4knttvxMyYI6qM7rqUJjzdEIisVyiXiXavjVGrqhrywUBc6ZeJVFQEi-?key=vbS5bDuxBLJJTdj5qBt84Q" alt="Bitcoin Cash Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: BCH/USDT
 </figcaption>
</figure>
<p>Positively, the <a href="https://markets.coinpedia.org/bitcoin-cash/" target="_blank" rel="noopener noreferrer nofollow">BCH coin price</a> has successfully retested its support trendline of the ascending channel pattern in the 1D time frame and displayed a sharp rise toward its upper level. Moreover, this Bitcoin-based altcoin is on the verge of testing its resistance trendline, the outcome of which is uncertain.</p>
<p>With a trading value of $444.5 and a Year-to-Date (YTD) return of 71.48%, the Bitcoin Cash price has successfully claimed the place of the 14th largest cryptocurrency with a market capitalization of $8.779 Billion.</p>
<h2 class="wp-block-heading" id="h-bitcoin-cash-market-sentiments">Bitcoin Cash Market Sentiments:</h2>
<p>The Simple Moving Average (SMA) displays a bullish curve in the price chart, suggesting an increase in the bullish sentiment within the crypto space.</p>
<p>Further, the technical indicator, MACD, records a constant rise in the green histogram with its averages showing a constant uptrend. This highlights a positive outlook for the altcoin this week.</p>
<h2 class="wp-block-heading" id="h-will-bch-rise-again">Will BCH Rise Again?</h2>
<p>A break out from the channel pattern could result in the Bitcoin Cash crypto heading toward its resistance level of $507 during the upcoming weeks. Maintaining the price at that level could set the stage for the BCH token to attempt to test its upper high of $680.5.</p>
<p>However, in case of a bearish reversal, the altcoin could plunge below its support level of $402 and retest its support trendline of the ascending channel pattern.</p>

Bitcoin Cash (BCH) Price Eyes To Hit $500 As BTC Price Nears 70K?

Indice dei contenuti

CoinPedia News

Altri articoli pubblicati su 29 lug 2024

The best payment methods for online casino 2024

Ethereum Struggles Despite Market Optimism

Coinfest Asia 2024: Explore Web3 Innovation In 17 Areas

Hong Kong Police Arrest Four, Including 14-Year-Old, for Counterfeit Crypto Scam

Senator: US to Buy 1,000,000 Bitcoins—5% of Global Supply—to Combat National Debt

Ondo Finance Backed By Coinbase Soars 8% On Major Listing

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!