- Bitcoin Cash has followed an almost similar line of price movement over the last week
- It has lost over 11% in this period, and it currently roams around $326
Bitcoin Cash’s value has been trimmed from $370 to $325 price mark this week. The 11.52% correction doesn’t seem final, and it may degrade further if it continues the overall downside momentum. Investors may face a few unprecedented moves in the short-term.
Bitcoin Cash Predictions
BCH opened the week at $369.20, and in the next three days, it gathered momentum and added $40.19 to get placed at $409.39, the highest point of the week. After reaching this high, the coin started downward correction and faced a massive fall of 26.36% by February 26. This downswing pulled the Bitcoin Cash price down to $301. Between February 26 & 28, the BCH price has witnessed a marginal improvement. It could add an 8.46% push to the value at $327.
If we look at the technicals, Bitcoin Cash’s MACD line has moved above its signal line. Its current price has also managed decent lead over its both the moving averages viz., 50 days MA & 20 days MA. These figures reflect that the price may trade upwards and soon reach the next resistance point at $334.
|Bitcoin Cash (BCH)||Resistance and Support Levels|