BCH may shoot above $116 as Tamadoge heads north.

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The Bitcoin Cash price forecast shows that BCH is likely to rise as the coin’s 9-day and 21-day moving averages trade.

Bitcoin Cash Statistics Information:

  • Bitcoin Cash price now – $115.7
  • Bitcoin Cash market value – 11.2 billion dollars
  • Bitcoin Cash transfer supply – 349.5 million
  • The total supply of Bitcoin Cash – 511 billion
  • Bitcoin Cash Coinmarketcap Rank – #9

BCH/USD market

Key steps:

Resistance levels: $130, $135, $140

Support levels: $105, $103, $101

BCHUSD – Daily Chart

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The price of Bitcoin Cash may face above the upper border of the channel as the coin touches the resistance level of $116.9. A few days ago, BCH/USD was trading above the 9-day and 21-day moving averages and this prevented the coin from returning to the $110 support level.

Can Bitcoin Cash and Tamadoge rise?

The price of Bitcoin Cash is poised to generate more movement as the coin continues to rise and possibly face above the upper boundary of the channel if the bulls reach the $125 resistance level. Therefore, a further bearish move above this barrier could push the price towards the $130, $135 and $140 resistance levels.

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However, if the bears break below the moving average and head towards the lower border of the channel, this technical forecast could be expensive, any further bearish movement could reach the $105, $100 and $115 support levels. Moreover, technical indicator relative strength (14) is moving above the 40-level to keep the coin in the next positive direction.

On Bitcoin, the price of Bitcoin Cash hovered below the 9-day and 21-day moving averages at the key support level of 550 SAT. However, the long-term moving averages may continue to move higher as the market may start a new trend by breaking above the moving averages.

BCHBTC – Daily Chart

However, if buyers push the price to the upper limit of the channel, a major resistance can be found at 680 SAT and above, while the technical indicator relative strength indicator (14) crosses below the 50-level, indicating that sellers can play. . Moreover, if the bulls fail to move the current market price above the mentioned hedge, the bears may re-enter the market, and the nearest support level may be found at 500 SAT and below.

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