@Today 5 April 2021 more from that month

(BCH) Price Prediction - Bitcoin Cash (BCH/USD) Price Forecast Bitcoin Cash Price Prediction On the four-hour chart, we see that the BCH price topped at $775 early this year. It formed a double-top pattern at this level and then crashed by 44% to $430 on February 28. On Sunday, the price rose to $606, which was 40% above February’s low. On Sunday, after reaching a high of $606, the price crashed and moved below the ascending channel shown in black. It has also moved below the 25-period and 15-period moving averages that have made a bearish crossover. While it is still early to tell, the price seems to be forming a head and shoulders pattern, which is usually a reversal pattern. However, the price also seems to be in the fourth wave of the Elliot Wave. Therefore, in my view, the Bitcoin Cash price will likely bounce back and rise to about $570 to form the right shoulder. If it moves above the Sunday’s high, the head and shoulders pattern will be invalidated.