Bitcoin Cash (BCH) smashed $400.00 and hit the highest level since June 2019. If the upside momentum is sustained, BCH may hit $500.00 sooner rather than later. Bitcoin Cash (BCH) has gone mad as the coin has gained over 11% in a matter of hours to trade at $425 by press time. The fourth largest coin with the current market cap of $7.7 billion has developed strong bullish momentum with no clear fundamental reason available so far. Currently, BCH/USD is at the highest level since June 28, 2019. BCH/USD: technical picture The coin is deeply overbought both on intraday and daily charts, but the RSI shows no signs of reversal so far. From the technical point of view, the technical picture will improve significantly, if the price settles above $400.00. In this case, the upside momentum may gain traction and bring $441.00 into focus. This resistance is reinforced by SMA100 weekly. Also, a pivotal point is seen at $500.00. On the downside, if the price slips below $400.00, the correction may be extended towards the first bearish target of $370 (the lower border of the recent consolidation channel). It is followed by psychological $300.00 and $281 (SMA50 daily). BCH/USD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/JPY: Technically bullish – Bednarik FX Street 2 years Bitcoin Cash (BCH) smashed $400.00 and hit the highest level since June 2019. If the upside momentum is sustained, BCH may hit $500.00 sooner rather than later. Bitcoin Cash (BCH) has gone mad as the coin has gained over 11% in a matter of hours to trade at $425 by press time. The fourth largest coin with the current market cap of $7.7 billion has developed strong bullish momentum with no clear fundamental reason available so far. Currently, BCH/USD is at the highest level since June 28, 2019. BCH/USD: technical picture The coin is deeply overbought both on intraday and daily… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
