Bitcoin Cash (BCH) Fails to Maintain the Growth; Got Stuck at $315
Bitcoin Cash price has moved 1.3% down over the last 24 hours, and the current value is roaming around $315. Though the decrease is not huge, it hints at the onset of an upcoming struggle. It has shown four significant price variations in the last 24 hours.
Bitcoin Cash Price Analysis:
The first variation of Bitcoin Cash happened over the first 2 hours and 47 minutes of the day, and it cost $7.35 due to a 2.26% fall. After a few minutes of growth, it took a dip of 1.21% and lost $3.88 to be placed at $316.35 by 11:11 UTC. The third price variation came as another shock to Bitcoin Cash and between 12:59 and 17:01 UTC; it fell by 3.12% to touch $309.45. The final swing started at 17:01 UTC, and over the next nine and a half hours, it could lift the price by 2.95% to reach $318.55. As can be seen in the chart, the current price of BCH is still above 20 days and 50 days moving averages. It hints that the current status of BCH coin is better than previous days, but the best may take some more time to come.
As per Bitcoin Cash Forecast, we can expect that the BCH price may get stuck at the same range for some time, and then, on the upside, it may trade up to its next resistance of $322. And on the downside, BCH price may find the support of $310. It has a bullish medium-term outlook.
|Bitcoin Cash (BCH)||Resistance and Support Levels|
|1st Support Level||$310.0633333|
|2nd Support Level||$304.7566667|
|3rd Support Level||$297.2533333|