Bitcoin Cash price prediction remains bullish, as shown in . past article of the week. Currently, the price is retreating due to the BTC price correction. The short-term price outlook will remain bullish as long as the price sustains at $110 levels. At the time of writing, the price of BCH is trading at $134, down 4.4% from yesterday.
Most altcoins face a pullback as Bitcoin price corrects after rejection from $23,500.BCH is also correcting after encountering resistance at the $165 price level. Daily trading volume is also down from last week.
Bitcoin Cash price is down 96.7% from its 2017 high. Despite his unprecedented BTC bull run last year, BCH hasn’t been able to gain much traction.As a result, the cryptocurrency is now down to 32nd Rank by market capitalization. The coin was valued at 0.25 BTC in November 2017 and is currently trading at just 0.006 BTC.
According to Bitcoin Cash news, Japan will have cryptocurrency ATMs again. These Gaia BTMs support BCH, BTC, ETH, and LTC.
Bitcoin Cash price prediction
A technical analysis of the BCH USD chart shows a falling wedge formation followed by a huge breakout. If confirmed, this breakout could send prices stellar. In such a scenario, the bulls could target the $200 and $279 levels in the short term. I have. The $110 price level could act as a line in the sand. A break above this level will result in a lower low on a higher timeframe.
It’s also worth mentioning that the Bitcoin Cash price prediction above requires the BTC price to remain stable. We would expect similar price action from BCH if Bitcoin breaks below its lows.
Bitcoin Cash daily chart
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