Bitcoin Cash advancement towards $500 seems imminent. Prevailing bullish action is likely to last especially if the gap between the 50-day SMA and the 200-day SMA continues to widen. Bitcoin Cash topped $450 overnight to form a new 2020 high at $463. The price has since adjusted to $457 as dust settles. Bitcoin Cash is likely to settle above $450 in the coming sessions according to the prevailing technical picture. First, the RSI is sitting comfortably above 70. If the sideways action continues, BCH is likely to settle in sideways trading. However, the bulls will remain largely in control with the path of least resistance being to the upside. The daily chart shows the SMA50 having crossed above the 200SMA. As long as the gap between these two moving averages continues to widen, BCH could have the potential to push towards the psychological $500. The MACD also confirms the impending growth towards $500 with the visible bullish divergence. 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 Bitcoin Price Prediction: BTC/USD consolidates gains above $10,100 – Confluence Detector FX Street 2 years Bitcoin Cash advancement towards $500 seems imminent. Prevailing bullish action is likely to last especially if the gap between the 50-day SMA and the 200-day SMA continues to widen. Bitcoin Cash topped $450 overnight to form a new 2020 high at $463. The price has since adjusted to $457 as dust settles. Bitcoin Cash is likely to settle above $450 in the coming sessions according to the prevailing technical picture. First, the RSI is sitting comfortably above 70. If the sideways action continues, BCH is likely to settle in sideways trading. However, the bulls will remain largely in control with… 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.
