Follow Us


BCH Price Analysis: Bitcoin Cash bulls unable to come to terms with selling pressure 

Share on facebook
Share on twitter
Share on linkedin


Bitcoin Cash (BCH) Price Analysis
Share on facebook
Share on twitter
Share on linkedin

•BCH/USD is currently priced at $130.55 and has decreased by 2.50% over the past day

•The trading volumes have decreased by 40.93% over the past day 

•The technical indicators suggest a hawkish outlook for the near term 

Short Term View: BCH Price Analysis suggests the asset is on the wane

The Bitcoin Cash price today is $130.55 USD with a 24-hour trading volume of $281,862,488 USD. BCH is down 2.50% in the last 24 hours. The trading volumes have decreased over the past day amid a shortage of buyers in the market whereas the Volume to Market Cap Ratio stands at 0.1127 for the altcoin. 

BCH remains shrouded in a mist of smoke as the price action today has resulted in the Bitcoin Cash price transacting above the 20,50 SMA on the four-hour chart which has provided some momentary relief to the investors. However, the buyers have still not turned the fortunes around, with the bears lurking in the shadows and a sustained move below the support level placed at $125 will indicate the presence of sellers. If this movement continues to create enough downside momentum then the investors will need to watch out for a possible acceleration to the downside with $120 placed as the next support level. On the flip side, if Bitcoin Cash rebounds off the support, it will suggest that buyers are accumulating at lower levels. The bulls will then attempt to push the price towards the resistance level placed at $150 which will signal a trend reversal for BCH.

Long Term View for BCH

Bitcoin Cash is currently in a downtrend as the bears have consolidated their presence in the market. The RSI indicator in particular has been hit hard by the bearish implications and is now transacting at 50.00, with further movement to the downside expected in the days ahead. The MACD indicator, on the other hand, shows that the red histograms have reduced in size on the daily chart as the bulls have come in to arrest the slide somewhat. However, the trend remains sided with the bears as the MACD and signal lines continue to transact in the negative territory. 


Bitcoin Cash bulls have taken a beating at the hands of the bears as the asset keeps succumbing to sellers. The technical indicators suggest the bearish trend continues and hence, one can expect BCH Price to keep following a descending path in the near term.

Support: $125-$120

Resistance: $140-$150


The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish any financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss. 

Nancy J. Allen

Download our App for getting faster updates at your fingertips.


We Recommend

Top Rated Cryptocurrency Exchange

Welcome Back!

Login to your account below

Retrieve your password

Please enter your username or email address to reset your password.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Update Required Flash plugin