Bitcoin Cash Price Prediction for Today, February 11 – BCH Technical Analysis

adminFebruary 12, 2024

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Bitcoin Cash price prediction added a massive 7.35% rise and the coin reached the resistance level of $277.46.

Bitcoin Cash (BCH) is showing strength after facing challenges.

Bitcoin Cash (BCH) has struggled to maintain price consistency, fluctuating within a range of $234-$235 throughout the past week, with a slight gain of 0.2%. Nonetheless, Bitcoin Cash (BCH) is showing signs of relief, maintaining a range between $246 and $277 respectively.

Bitcoin Cash Prediction Statistics Data:

Current Bitcoin Cash price – $266.0
Bitcoin Cash market cap – $5.28 billion
Bitcoin Cash circulating supply – 19.6 million
Bitcoin Cash Total Supply – 19.6 Million
Bitcoin Cash CoinMarketCap Ranking – 20th

BCH/USD market

Main level:

Resistance levels: $300, $320, $340

Support levels: $220, $200, $180

Bitcoin Cash Price Prediction for Today, February 11 – BCH Technical Analysis — BCHUSD – daily chart

BCH/USD has seen significant gains over the past 24 hours, pushing the coin towards the resistance level of $280. If bulls increase buying pressure, Bitcoin Cash price is likely to break above the upper channel. Meanwhile, BCH/USD is one of the hottest coins on the market right now and is likely to reach $280 as the next resistance level in the coming days.

Bitcoin Cash Price Prediction: Can Bitcoin Cash Gain More Bullishness?

Bitcoin Cash price is trading above the 9-day and 21-day moving averages within the channel. On the other hand, if the price breaks through the channel upper limit and closes above it, BCH/USD may continue its upward trend and reach the resistance levels of $300, $320, and $340.

Conversely, if the bulls fail to hold the coin above the 9- and 21-day moving averages, the bears tend to return to the market, which is likely to push the market price towards the nearest support level. They are around $220, $200, and $180, respectively.

BCH/BTC is heading north

Compared to Bitcoin, Bitcoin Cash price appears to be heading north as the coin breaks above its 9-day moving average and 21-day moving average. The recent rise has allowed the cryptocurrency to surpass the upper limit of the channel, which is a promising sign for buyers.

Meanwhile, if the bears break below the moving averages, important support could be located below 4400 SAT. However, additional resistance can be found above 6400 SAT, so the nearest resistance level is now above the channel. Meanwhile, the 9-day MA is still below the 21-day MA, which could sustain the downtrend for the coin.

Crypto Usman warned his followers on X (formerly Twitter) about a potential breakout attempt in $BCH. He highlights $243 as an important resistance level and expects strength on a breakout. Remain vigilant and keep an eye on these developments!

$BCH Attempting to escape.
We have $243 as the main resistance area.
If the price breaks this level you will see a pump.
Please stay tuned 🙌.#Cryptocurrency #Cryptocurrency #CryptoRevolution #Cryptocurrency trading pic.twitter.com/ZjBgoeSjyS
— Crypto Usmaan (@CryptoUsmaan) February 8, 2024

Bitcoin Cash Alternatives

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