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Bitcoin Cash price analysis: BCH price found stability above $566 after a bullish streak

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  • Bullish momentum has been on the rise.
  • Bitcoin Cash price analysis shows price at $566 position.
  • Support level has been persistent at $450.

According to the Bitcoin Cash price analysis the bullish momentum has been dominating the price charts since the past week as the price covered upward movement. The BCH coin value has increased substantially as the uptrend has been following quite consistently. More green candlesticks are appearing on the price charts as the bullish momentum is intensifying with each day. The price went down yesterday, but it returned back to its former level today as per Bitcoin Cash price analysis.

BCH/USD 1-day price chart: Price bounces back to $567 after an unexpected drop

The one-day Bitcoin cash price analysis is predicting a rise in price after it underwent a decline yesterday. The bullish momentum has been recovered and the price is pursuing further heights once again. Currently, it has reached the $566.88 position as the bulls have regained their strength. The price has crossed the moving average (MA) value as well which is settled at $546 in the one-day price chart.

Bitcoin Cash price analysis: BCH price found stability above $566 after a bullish streak 1

The trending line is now moving in the upward direction again after a slight deviation. Meanwhile, the Bollinger bands Indicator is dictating the following values; the upper value is at $642.1 whereas the lower value is at $450. The Relative Strength Index (RSI) score has increased as well and is now present at 50.31.

Bitcoin Cash price analysis: BCH continues to survive above $555 under bullish lead

The bulls have been maintaining their lead quite efficiently, and the price has been progressing at an appreciable rate. The bullish momentum has resulted in the price climbing to $566.53, which is providing favorable circumstances for the buyers. Further increase in price is possible as the bulls are still secured at their position. The recent price movement has left behind the moving average as well whose value is set at $553.21.

Bitcoin Cash price analysis: BCH price found stability above $566 after a bullish streak 2
BCH/USD 4-hours price chart. Source: TradingView

The volatility has decreased visibly during the last four hours, which means that the bulls are likely to attain more success in the future. If we discuss the Bollinger bands Indicator; it has taken an upward break out on the 4-hour chart and with its upper level is at $575.30 while the lower one is at $536.13. The RSI score is now close to the over-bought mark as well and has reached 61.5 position.

Bitcoin Cash price analysis: BCH price found stability above $566 after a bullish streak 3
BCH/USD technical indicators chart. Source: TradingView

The overall trend that has been observed is quite neutral because of the continuous fluctuations in price movements. There are 10 indicators set on the selling position, with nine indicators on the neutral position and seven on the buying position.

The moving averages indicator is giving a bearish signal as the bears have been quite dominating in the past few weeks. There are nine indicators sitting on the selling position, five indicators are on the buying position leaving only one indicator on the neutral position. The Oscillators have been quite neutral as there are eight oscillators on the neutral point, two on the buying, and one oscillator on the selling point.

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Bitcoin Cash price analysis conclusion

Bitcoin Cash price analysis suggests the bulls have been constantly ruling the price charts since the past week. The price has undergone sufficient improvement providing a great opportunity to the buyers for investment. The BCH/USD price is currently settled at $567 and is expected to increase even more in the coming days. Further rise in price is only possible if the support level remained fixed at $449.63.

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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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Bitcoin Cash Forecast October 11 — 15, 2021

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Bitcoin Cash ends the trading week at 610.46 and continues to move within the rally and 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 415.05. From where a rebound is expected again and an attempt to raise the Bitcoin Cash cryptocurrency with a potential target above the level of 1045.05.

Cryptocurrency Bitcoin Cash Forecast October 11 — 15, 2021

An additional signal in favor of raising the BCH/USD quotes in the current trading week on October 11 — 15, 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 325.05 area. This will indicate a breakdown of the support area and a continued fall in BCH/USD quotes with a target below 135.05. Confirmation of the rise in the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the level of 845.05.

Cryptocurrency Bitcoin Cash Forecast October 11 — 15, 2021

Cryptocurrency Bitcoin Cash Forecast October 11 — 15, 2021 suggests an attempt to test the support area near 415.05. Then continued growth to the area above the level of 1045.05. 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 325.05 area. This will indicate a continued decline in cryptocurrency with a target below 135.05.

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Bitcoin Cash (BCH/USD) forecast and analysis on October 8, 2021

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 602. 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 upper border of the Bollinger Bands indicator bands.

Bitcoin Cash (BCH/USD) forecast and analysis on October 8, 2021

As part of the Bitcoin Cash forecast, a test of the level of 575 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 527.

Bitcoin Cash (BCH/USD) forecast and analysis on October 8, 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 520 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, one should expect an acceleration in the fall of the cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on October 8, 2021 implies a test level of 575. Further, growth is expected to continue to the area above the level of 640. The conservative buy area is located near the area of ​​527. Cancellation of the cryptocurrency growth option will be a breakdown of the level of 520. In this case, we should expect continuation of the fall.

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