Bitcoin Cash Price Prediction – March 14
The Bitcoin Cash price prediction displays that BCH is ranging with the short-term bullish movement within the channel.
BCH/USD Market
Key Levels:
Resistance levels: $350, $370, $390
Support levels: $220, $200, $180
According to the daily chart, BCH/USD is moving sideways, but due to the lack of enough buying power, bulls have not been able to sustain higher growth above the 9-day and 21-day moving averages. However, the technical indicator Relative Strength Index (14) is pointing towards the north which indicates that the bullish signals are coming to play within the market.
Bitcoin Cash Price Prediction: BCH Price May Spike to the Upside
The Bitcoin Cash price is trading at $285.22 as the immediate downside is protected by the support level of $275. Besides, the range support at $250 is a key to the BCH trading. Other critical areas to watch include the supports at $220, $200, and $180. According to the technical indicator, sideways movement may dominate the current session and this may continue in the next coming sessions.
However, following the recent price, BCH/USD is likely to face a potential resistance at $300 level above the 9-day and 21-day moving averages, a break above the upper boundary of the channel may produce a huge green candle to the upside, which could hit the resistance levels at $350, $370, $390.
When compared with Bitcoin, the BCH market is below the 9-day and 21-day moving averages. At the time of writing, BCH is seen moving sideways as it is currently trading at 734 SAT. If the Bitcoin cash stays below the moving averages, it may likely hit support at 670 SAT and below.
However, the BCH market price is likely to follow the downward movement as the technical indicator Relative Strength Index (14) is pointing to the south aiming to cross below 40-level. Moreover, should the bulls push the coin above the upper boundary of the channel, it may locate the potential resistance at 800 SAT and above.
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Source: https://insidebitcoins.com/news/bitcoin-cash-price-prediction-bch-usd-trades-below-300-level