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- BCH manages to climb above the crucial resistance levels of $215, $220 and $225 and currently seeking ways to acquire a level of $230
- BCH prices are suffering a slight and currently trading near the level of $226
- The BHC/BTC is performing negatively with the loss of -1.20 % bringing the level to 0.03401481.
BCH prices are having a hard time to achieve the resistance level of $230, even after acquiring a sharp positive divergence price were unable to maintain a gradual climb and started fading against this level.
The price level of $210 is provided major support to the prices after they broke down the support level of $215. This support level is also pushing prices up but it is coming shorthanded against the resistance level of $230.
The only option for developing a gradual climb above the level of $230 is to create a support level at the price level of $225, right below the current trading position of the prices.
The market capitalization of Bitcoin Cash is is$4,154,001,853 USD with volume traded of $3,376,043,551 and circulative supply of 18,363,988 BCH.
Bitcoin Cash Price Analysis
BCH prices did made a sharp impressive climb. From falling down below the support level of $215 to upsurge towards the resistance level of $230. Currently, there is a dominance of the bullish trend in the prices of the cryptocurrency.
The technical indicators and oscillators are showing an increase in buying volume as prices acquired a positive divergence in all aspects of the technical chart.
The MACD levels are currently witnessing the trading majorly in the buying volume of a cryptocurrency.
The 24hr- RSI is trading in the bullish zone above the normal level but it did take a slight negative divergence bearish region but again there is a sharp positive divergence which is going towards the bullish region.
The 24hr-CCI climbs above the normal region and enjoying trading in the over buying region.
Resistance level: $230
Support level: $220 and $215
