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Bitcoin Cash Price Prediction: BCH/USD Turns Bullish across $240 Level

insidebitcoins.com

The Bitcoin Cash price resumes the uptrend and reclaims the resistance level $240 amid market bullish pressure. On the upside, a sustained move above $250 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 $275, $295 and $315 respectively.

Another thing to note here is that the market is preparing to change the trend and a short-term bearish breakout is most likely to play out because the technical indicator RSI (14) moves below 50-level and this could find the nearest support levels at 0.031 BTC and below. However, the only condition for the resumption of the bullish trend is if the 0.034 BTC level can continue to provide support for the market, then the price may be pushed to the resistance level of 0.038 BTC and above.

Read in Full: insidebitcoins.com
Bitcoin BTC
$ 70142.01
Bitcoin BCH
$ 620.9

Timeline of Bitcoin, Bitcoin-cash

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Bitcoin Bitcoin
70093.5000 -0.88%
Ethereum Ethereum
3532.24000 -0.89%
BNB BNB
617.146000 6.19%
Solana Solana
185.471000 0.96%
XRP XRP
0.62758200 1.30%