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Bitcoin Cash price analysis: Price faces depreciation up to $661.77 after bearish return

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  • BCH price has leveled down to $662.
  • Bitcoin Cash price analysis favors the bears.
  • Support is rigidly standing at $538.21.

The bears have been ruling the BCH/USD price chart for the past few days, as the price has been constantly experiencing a fall. The price underwent considerable decline even today, as the bearish trend brought it down to $661.77 extreme. This has created chances of the price going in the danger zone, as the bearish trend has been expanding at a constant rate.

BCH/USD 1-day price chart: BCH price follows a downward path to $662

The one-day Bitcoin Cash price analysis is depicting a downtrend for the day, as the bears have been in the lead for the past few days. The trends took an unexpected shift, resulting in a bearish win. The BCH value is currently $661.77, and it is expected that it might go down even further during the upcoming weeks. The moving average (MA) value is at the $638 mark, whereas the Bollinger bands average is at $614.72.

Bitcoin Cash price analysis: Price faces depreciation up to $661.77 after bearish return 1

The increase in volatility is indicating that the bearish trend might intensify in the future. This is why the Bollinger band values have changed as well, as now the upper value is at $691.22 position and the lower value is at $538.21. The Relative Strength Index (RSI) score has been reduced to 57.25.

Bitcoin Cash price analysis: Bullish comeback raises BCH price up to $662

An increase in price has been reported in the last four hours for BCH/USD. The bulls have been able to make a successful comeback by breaking past the bearish streak. The uptrend has elevated price levels to $661.77, which is a positive signal for the buyers. Earlier, the price had been undergoing constant reduction due to the bearish pressure. If we talk about the moving average value, then it is standing at $671.35 in the four hours price chart.

Bitcoin Cash price analysis: Price faces depreciation up to $661.77 after bearish return 2
BCH/USD 4-hours price chart. Source: TradingView

The Bollinger bands indicator is now maintaining an average of $684.72. Whereas its upper band is present at $723.33 position while its lower band is at $646.10 position. The increasing price movement has improved the RSI score as well as now its curve is touching 48.93.

Bitcoin Cash price analysis: Price faces depreciation up to $661.77 after bearish return 3
BCH/USD technical indicators chart. Source: TradingView

The technical indicators chart for BCH/USD is giving out a bullish signal for the day as the price has improved in the past few months. There are 14 indicators occupying the buying position, nine indicators are on neutral position and three indicators are there on selling position.

The moving averages indicator is hinting at the remarkable increase in price as well by giving out a strong bullish signal. We can see that 13 indicators are on the buying mark, while one indicator each is present on the selling and neutral marks. The Oscillators are showing a neutral trend for the day, with eight indicators on neutral position, two indicators at selling position, and one indicator at buying position.

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Bitcoin Cash price analysis conclusion

The one-day and four hours Bitcoin Cash price analysis is dictating a drop in price for the day. The bearish trend has lowered the coin value to $662, and further downfall is expected as well. The four hours price chart is showing a green candlestick, which means that the upcoming hours might be on the favorable side.

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Bitcoin Cash

Bitcoin Cash Forecast November 29 — December 3, 2021

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Bitcoin Cash ends the trading week at 555.24 and continues to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the coin’s sellers and a potential continuation of the fall. 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 540.55. From where a rebound is expected again and an attempt to raise the Bitcoin Cash cryptocurrency with a potential target above the level of 1170.05.

Bitcoin Cash Forecast November 29 — December 3, 2021

An additional signal in favor of raising the BCH/USD quotes in the current trading week November 29 — December 3, 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 ”Triangle” pattern. Cancellation of the option to raise Bitcoin Cash cryptocurrency next trading week will be a fall and a breakdown of the 385.05 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 215.05. Confirmation of the rise in the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the level of 825.05, which will indicate a breakdown of the upper border of the ”Triangle” model and the beginning of its development.

Bitcoin Cash Forecast November 29 — December 3, 2021

Bitcoin Cash Forecast November 29 — December 3, 2021 implies an attempt to test the support area near 540.55. Then continued growth to the area above the level of 1170.05. 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 385.05 area. This will indicate a continued decline in cryptocurrency with a target below 215.05.

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Bitcoin Cash Token Rebounding Back, From Demand Zone.

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  • Bitcoin cash token over the monthly chart is trying to rebound, after testing the support or demand zone at the lower side. 
  • The crypto asset is currently trading below its all vital moving averages of 20, 50, 100 and 200-day lines, with average volume activity. 
  • The pair of BCH/BTC is trading at 0.01042 BTC with an intraday dip of +0.46%, and the ratio of BTC/ETH is CMP at 0.1377 ETH with a 24-hour change of +0.79%.  
Chart of BCH/USD by Tradingview

Bitcoin cash token at the monthly chart has been trading near the short term support zone, since the past few trading sessions. Moreover, the volume activity is average and needs to grow strongly for a strong reversal from lower levels. BCH is currently trading below all vital moving averages, with no sign of strong reversal at the current situation. Now, the crypto asset falls below all critical lines of moving averages of 20, 50, 100, and 200-day lines. Since the crypto asset is trying to bounce back from the support zone and the sustainability above the support line can boost more buyers. Support on the lower side is $520 and $490, whereas resistance on the higher side is $620 and $690.

Bitcoin cash token at the weekly chart is trying to rebound

Chart of BCH/USD by Tradingview

Bitcoin cash token at the weekly chart is trying to rebound, after a sharp decline from the higher levels. Meanwhile, the technical parameters are heading higher after a sharp decline from higher levels. Slightly the volume activity is also increases and trying to jump above the average line. The digital asset witnesses slight buying action from the lower levels and is recovering from the oversold zone. BCH’s price is trading at $567 with an intraday gain of -6.16%, and the volume to market cap ratio is 0.1478.  

Relative Strength Index (BULLISH): Bitcoin cash token RSI is heading higher after recovery from lower levels. In contrast, the coin is trading near the lower area and can project a slight recovery with upcoming buying action, RSI at 43. 

Moving Average Convergence Divergence (BEARISH): The daily chart projects a bearish trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) is under pressure below the seller’s line (red) with a negative crossover. 

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Bitcoin Cash (BCH/USD) forecast and analysis on November 26, 2021

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 612. 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 bars.

Bitcoin Cash (BCH/USD) forecast and analysis on November 26, 2021

As part of the Bitcoin Cash forecast, a test of the level of 590 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 650. The conservative buying area for Bitcoin Cash is located near the lower border of the Bollinger Bands indicator bars at 540.

Bitcoin Cash (BCH/USD) forecast and analysis on November 26, 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 530 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 November 26, 2021 implies a test level of 590. Further, growth is expected to continue to the area above the level of 650. The conservative buy area is near the area of ​​540. Cancellation of the cryptocurrency growth option will be the breakdown of the level of 530. In this case, we should expect continuation of the fall.

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