Bitcoin Cash starts going up today by 0.82% as seen on the 4-hour charts and even reached the $254 price level. Bitcoin Cash ranked 4th for the past 4-hour in the terms of percentage of price change as we are reading further in the BCH news.
The back and forth price flow continues for Bitcoin Cash that started today at $253, meaning it is up by 0.82% from yesterday. The price move happened on the volume that was down 64% from the day before but the 65% from the same day the week before as it can be seen from the 4-hour charts. Out of the top 5 instruments in the Top cryptos assets class, BCH ranked 4th for the day in terms of price change relative to yesterday. The daily price of Bitcoin Cash clearly shows this price movement.
The first thing that we should note is that the current price of Bitcoin Cash starts getting close to the 100 day moving averages which often indicates a change in momentum so this could be worth keeping an eye on. The clearest trend exists on the 14-day timeframe which shows the price is moving up over the time. The content shows that the price has gone up 17 out of the past 30 days. With less than three years on the crypto market, Bitcoin Cash proved to be a great investment potential for traders and investors alike. The BCH price level predictions use a combination of these to determine the possible price.
Before the market reversal, Bitcoin Cash was up by more than 9% as it broke the key $250 resistance. Now, the levels are below this resistance but BCH is still in a good position. According to traders, Bitcoin Cash stays in green because of its good support and the fact that it rallied before this. The hourly MACD for BCH/USD is gaining pace in the bullish zone. The Relative Strenght Index shows that it is well above 60 levels with a bullish angle. The key support levels include $255 and $245 while the key resistance levels include $275 and $300.
The Cashfusion platform was deemed ‘’far more practical than other coinjoin protocols’’ and Bitcoin Cash supporters wait for the completion of the codebase audit as the protocol will start the new security audit from the well-known company Kidelski Security as we reported previously in our DC Forecasts news.
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