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Bitcoin Cash price analysis: BCH gains 10 percent value as bullish momentum inflates to $619

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  • Bullish momentum is on the rise once again.
  • Price reached $619 height during the day.
  • Support level is found at $452.

The latest Bitcoin Cash price analysis is dictating that the bullish momentum has been at its peak since the past week. The price has increased tremendously and is now settled at $620 in the one-day price chart. The bulls have been succeeding so far as the price has been traveling in the upwards direction at a continuous rate. More opportunities are becoming available for the buyers, as the coin value is going up.

BCH/USD 1-day price chart: Bullish wave causes price to surge above $619

The price has been rising consistently according to the one-day Bitcoin Cash price analysis. The past week’s price movement reveals that the bullish momentum has uplifted the price at a great level. The buyers have contributed immensely to the recent improvement in BCH price which is now at $620. This is why the moving average (MA) value is now $560 and is expected to heighten in the coming week as well.

Bitcoin Cash price analysis: BCH gains 10 percent value as bullish momentum inflates to $619 1

The volatility has increased because of the expansion in Bollinger bands. This has caused certain changes in the Bollinger band values; as now the upper value is resting at $640.25 while the lower value is at $452. The Relative Strength Index (RSI) score is now touching the 58.04 peak as well.

Bitcoin Cash price analysis: BCH price recedes back to $620.12 after losing stability

The four hours Bitcoin Cash price analysis is indicating a downward price movement, as the price underwent a slight decline. The price is at the $620.14 level now, as the bears are striving to make a comeback on the price chart. Red candlestick is confirming the selling pressure, and the bullish spell has been broken down. Other indicators include the moving average and its value is currently settled at $605.21.

Bitcoin Cash price analysis: BCH gains 10 percent value as bullish momentum inflates to $619 2
BCH/USD 4-hours price chart. Source: TradingView

The price drop is to intensify in the future as well as the volatility has increased. The Bollinger band Indicator is displaying the following figures; its upper value is now at $637 whereas its lower value is at $526.11. The RSI score is still at a high position as it is at 65 at the time of writing.

Bitcoin Cash price analysis: BCH gains 10 percent value as bullish momentum inflates to $619 3
BCH/USD technical indicators chart. Source: TradingView

The technical indicators chart for BCH is giving out a bullish signal for the day as the overall progress of the price has been appreciable. The buying position is holding 14 indicators, the neutral position has nine indicators while the selling position has three indicators.

The moving averages indicator is giving positive signals for the buyers as well because of the consistency in bullish momentum. There are 12 indicators on the buying position, whereas two indicators are present on the selling and one on the neutral positions. The Oscillators, on the other hand, are going quite neutral for the day as there are eight oscillators on the neutral level, two on the buying and one on the selling level.

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Bitcoin Cash price analysis conclusion

The one-day and four hours Bitcoin Cash price analysis is predicting a bullish trend for the day as the price has climbed up to $620. The BCH price has been moving forward quite persistently, and a further increase in the price is possible in the coming week. Although the bears tried to overpower the bulls in the last four hours, the overall circumstances are in the bullish favor.

Bitcoin Cash

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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