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Bitcoin Cash [BCH] Could Sprint Towards $460

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Bitcoin Cash [BCH] came no where close to its all-time high of $4,355.62 that it achieved three years ago. While Bitcoin [BTC], Ethereum [ETH] and several other coins surged past their all-time highs, BCH, XRP along with many others failed to do so. XRP’s squabble with the SEC pushed the coin to a critical point. The altcoin, at press time, was trading for a low of $0.25. All the new coins like Polkadot and Chainlink prevailed during this crypto rally.

Bitcoin Cash, went up to a high of $629.80 in the last 30 days. But it wasn’t very hard for the coin to plummet down to a low of $331.91 either. At the time of writing. BCH was trading for $396 with a dainty surge of 1% in the last 24-hours. Over the last week, BCH had suffered losses of over 14%. The trading volume in the BCH market was seen soaring by 3.47% and was at $5.7 billion.

Bitcoin Cash [BCH] One-Hour Price Chart

Bitcoin Cash

After witnessing a steep fall from $460, BCH was finally seen getting back on track. The Money Flow Index was recovering from its journey to the oversold zone on the one-hour price chart. The MFI marker was just above 50 median, which revealed that BCH was revealing a buyers’ sentiment. The Chaikin Money Flow indicator opened the gates for the bulls as the marker pushed past zero.

Bitcoin Cash [BCH] On Binance

Bitcoin Cash

The bulls were dancing around the BCH market. The Parabolic SAR indicator formed dotted lines below the candlesticks. This stood as a barricade against any possible downtrend. The Awesome Oscillator indicator laid out green closing bars which is considered to be bullish. The MACD indicator was in sync with the other indicators. Just today, the MACD line took over the signal line formulating a bullish crossover.

This bullish notion in the BCH market could fuel the altcoin’s journey back to $460. The prolongation of this trend could push BCH beyond $500.

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Bitcoin Cash (BCH/USD) forecast and analysis on October 21, 2021

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 609. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator bars.

Bitcoin Cash (BCH/USD) forecast and analysis on October 21, 2021

As part of the Bitcoin Cash forecast, a test of the level of 597 is expected. Where can we expect an attempt to continue the growth of BCH/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 640. The conservative area for buying Bitcoin Cash is located near the lower border of the Bollinger Bands indicator bars at 595.

Bitcoin Cash (BCH/USD) forecast and analysis on October 21, 2021

Cancellation of the option to continue the growth of the Bitcoin Cash rate will be a breakdown of the area of ​​the lower border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and closing of quotations of the pair below the 580 area. This will indicate a change in the current trend in favor of the bearish for BCH/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of the cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on October 21, 2021 implies a test level of 597. Further, growth is expected to continue to the area above the level of 640. The conservative buy area is near the area of ​​595. Cancellation of the cryptocurrency growth option will be the breakdown of the level of 580. In this case, we should expect a continuation of the fall.

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Bitcoin Cash Forecast October 18 — 22, 2021

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Bitcoin Cash ends the trading week at 628.37 and continues to move as part of the rally and the bullish channel. Moving averages indicate a bullish trend. Prices broke the area between the signal lines upward, which indicates pressure from buyers of the coin and a potential continuation of the rise. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of a digital asset and a test of the support area near the level of 435.05. From where a rebound is expected again and an attempt to raise the Bitcoin Cash cryptocurrency with a potential target above the level of 1175.05.

Cryptocurrency Bitcoin Cash Forecast October 18 — 22, 2021

An additional signal in favor of raising the BCH/USD quotes in the current trading week of October 18 – 22, 2021 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option to raise Bitcoin Cash cryptocurrency next trading week will be a fall and a breakdown of the 305.05 area. This will indicate a breakdown of the support area and a continued fall in BCH/USD quotes with a target below the level of 125.05. Confirmation of the rise in the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the level of 885.05.

Cryptocurrency Bitcoin Cash Forecast October 18 — 22, 2021

Cryptocurrency Bitcoin Cash Forecast October 18 — 22, 2021 suggests an attempt to test the support area near 435.05. Then continued growth to the area above the level of 1175.05. An additional signal in favor of the rise in Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 305.05 area. This will indicate a continued decline in cryptocurrency with a target below 125.05.

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Bitcoin Cash (BCH/USD) forecast and analysis on October 13, 2021

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Bitcoin Cash (BCH/USD) forecast and analysis on October 13, 2021

Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 587. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bars.

Bitcoin Cash (BCH/USD) forecast and analysis on October 13, 2021

As part of the Bitcoin Cash forecast, a test of the level of 570 is expected. Where can we expect an attempt to continue the growth of BCH/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 630. The conservative buying area for Bitcoin Cash is located near the lower border of the Bollinger Bands indicator bars at 560.

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Bitcoin Cash (BCH/USD) forecast and analysis on October 13, 2021

Cancellation of the option to continue the growth of the Bitcoin Cash rate will be a breakdown of the area of ​​the lower border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and the closing of quotations of the pair below the 540 area. This will indicate a change in the current trend in favor of the bearish for BCH/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of the cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on October 13, 2021 implies a test level of 570. Further, growth is expected to continue to the area above the level of 630. The conservative buying area is near the area of ​​560. Cancellation of the cryptocurrency growth option will be a breakdown of the level of 540. In this case, we should expect a continuation falling.

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