Bitcoin Cash Price Prediction: BCH/USD Stays Above $280; the Bulls May Regain the Ground
insidebitcoins.com
BCH/USD indicates an upward trend in the ascending channel market, rising above the 21-day moving average. A few days ago, it was revealed that BCH dropped below the moving averages but currently the market may be planning a volatile move as the coin moves moderately within the channel.
On the upside, a sustained move above the 9-day moving average could ease the initial downside pressure and create momentum for the bulls with the focus to move the market to the next resistance levels of $325, $345, and $365 respectively. If the buyers can hold the support of 0.0155 BTC, the coin may likely resume an upward trend to cross the 9-day and 21-day moving averages.
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