The price of Bitcoin Cash (BCH) has risen steadily and has broken above the moving average lines again.
Bitcoin Cash price long-term analysis: bullish
Since April 2025, the price of the cryptocurrency has seen a series of higher highs and higher lows. BCH is currently in a slight downtrend after rejecting the high of $520.
Meanwhile, the price indication suggested that the cryptocurrency will move higher. On 26 May, the retraced candlestick body reached the 61.8% Fibonacci level. This retracement suggests that BCH could rise to the Fibonacci extension of $1.618 or the high of $623.62.
BCH price indicators analysis
In the meantime, BCH has pulled back above the $500 level. BCH price will continue to rise as long as the price bars remain above the moving average lines. On the 4-hour chart, the price bars have fallen between the moving averages. This indicates that the altcoin will be forced to move within a range defined by the moving average lines.
Technical Indicators
Key Resistance Zones: $520, $540, $560
Key Support Zones: $400, $380, $360
What is the next move for BCH?
Bitcoin Cash has fallen back below the 21-day SMA support but remains above the 50-day SMA support on the 4-hour chart.
The cryptocurrency has fallen between the moving average lines. The BCH price will fluctuate between the moving average lines until the trend is determined. The uptrend will continue if the price breaks above the 21-day SMA.
Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.
Source: https://coinidol.com/bitcoin-cash-rises-steadily/