BCH Price and the Recent Updates

Price prediction is in plenty of cases inaccurate if not misleading sometimes. Crypto experts can only read and analyze crypto responses to the economic fluctuations and geopolitical changes, for instance, the war against Ukraine. Yet, analyzing crypto currencies over the last few weeks might bring in some conclusions.

First, no one can deny how identical Bitcoin Cash is to Bitcoin, and thus re-reading Bitcoin volatility and market cap can be applied on Bitcoin Cash. Indubitably, there are some sharp differences between the two currencies as far as transactions and fees are concerned, but no one can go against the fact that Bitcoin Cash recovery is rendered to Bitcoin’s new heights.

As a Bitcoin clone, Bitcoin Cash has recently taken the lead, $389.11, but it does not mean it is going to keep climbing. True that its its market cap arrived at $7.35 B, and its volume $15.90, but things might turn around. Bitcoin Cash climbed to newer levels: 0.008152 BTC, a rate of 1.70% up, and 0.1126 ETH, a rate of 1.08% up. It can be said that it still retains its momentum the same as many other altcoins. Again, the next few days are deterministic. 

BCH/USDT Price Prediction

In the last six months, Bitcoin Cash decreased from the resistance zone at $807 to $864 on the last September. This scenario tells the fact that the bears are strongly defending the overhead zone. BCH might keep going up and down for a couple of days inside the large range between $385.50 and $864.30.

It is also advisable to mind that the EMA, $670, and the RSI near the turning point claim to achieve a reasonable balance between supply and demand. Thus, if the price get over $596, then a new scenario will be possible. The bulls will again attempt to drive the price up above the overhead zone.

On the flip side, if the price turns down from the zone, the pair BCH/USDT would resist between $596 and $684.30 for some days. Any close above this zone will culminate into a new trend.

Disclaimer

Kindly mind that the claims expressed above are personal and do not necessarily reflect the views or opinions common in the crypto market. Every financial attempt involves risk, and thus, you need to conduct your own research.

Additionally, they are the product of several readings on a couple of resources, and it is for informational purposes only as it doesn't encourage any sort of support to Bitcoin, Bitcoin Cash or any other currency.