Bitcoin Cash (BCH) – What the chart tells us – Catching News


BCH is a payment system that is globally acceptable to everyone. It offers low fees, fast transactions and privacy to its users.

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At the time of this writing, BCH is traded at a price of $ 600.37. The price of BCH has fallen almost 2.36% in the past 24 hours. Daily trading volume increased almost 7.88% in one day. BCH is listed on coinmarketcap in 21st place by market capitalization and has a market dominance of around 0.42%. BCH has one of the highest trading volumes today.

BCH had hit its all-time high around the price of $ 1,650 during the month of May 2021 before falling back to the price of $ 383.5. Just like many other coins, the past month has been very bullish for the price and we’ve seen an increase of around 18.76%.

Bitcoin Cash (BCH) technical analysis

Bitcoin Cash has been one of the slowest coins. After the crash of its highest level ever. The room moved very slowly. BCH is much closer to its low than the high it created around $ 1650 in May 2021. Over the daily period, we can see that the price created a pole flag pattern. The price rebounded from the bottom creating a pole, then went back and completed the first part of the structure. Now we can expect the price to continue the movement and create the next pole.

We can expect the price to hit the command block placed above. It is around the price of $ 750 and $ 800. But right now the price is very bullish in nature.

Bitcoin Cash (BCH) Long Term Forecast

According to portfolio investors, the price of BCH is a good investment and will provide good returns to investors. According to their forecasts, BCH will reach a value of $ 913 in one year. For a five-year plan, BCH should reach a value of $ 2,149. Even though according to their predictions, BCH after five years will still be around the ATH that it has right now makes you think it’s rather slow to price.

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