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- Bitcoin Cash Price prediction suggests the sideways momentum of BCH cryptocurrency inside the consolidation phase over the daily price chart.
- BCH crypto is trading at 20 and 50 EMA but still below 100 and 200-days Daily Moving Average.
- Bitcoin Cash price must surge towards the upper price range of the symmetrical triangle pattern.
Bitcoin Cash price prediction suggests that the token has been consolidating inside the symmetrical triangle pattern over the daily price chart. BCH crypto must accumulate more buyers in order to surge towards the upper trendline of the symmetrical triangle pattern. Meanwhile, BCH cryptocurrency has been coming through some interesting patterns over the daily price chart. BCH buyers must wait for any directional change over the daily price chart.
Bitcoin Cash price is currently approximated at $108.30 and has gained around 2.58% in the last 24-hour period. Trading volume has increased by 33% during the intraday trading session. This demonstrates that buyers are trying to push the token towards the upper trendline of the symmetrical triangle pattern.
Bitcoin Cash price prediction suggests the consolidation phase of the token over the daily price chart. Meanwhile, volume change can be seen below average and needs to grow for BCH to register its breakout. However, BCH crypto is trading at 20 and 50 EMA but still below 100 and 200-days Daily Moving Average. BCH investors need to wait for any directional change over the daily chart.
What do Technical Indicators suggest about Bitcoin Cash Price?
Technical indicators suggest the upward momentum of BCH cryptocurrency. Relative Strength Index showcases the uptrend momentum of BCH crypto. RSI is at 47 and is about to break out from neutrality. MACD exhibits the uptrend momentum of BCH crypto. The MACD line is moving towards the signal line for a positive crossover.
Conclusion
Bitcoin Cash price prediction suggests that the token has been consolidating inside the symmetrical triangle pattern over the daily price chart. BCH crypto must accumulate more buyers in order to surge towards the upper trendline of the symmetrical triangle pattern. Meanwhile, volume change can be seen below average and needs to grow for BCH to register its breakout. MACD exhibits the uptrend momentum of BCH crypto.
Technical Levels
Support Levels: $103 and $100
Resistance Levels: $115 and $120
Disclaimer
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 the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
