Bitcoin Cash [BCH] has resumed an uptrend. The prices are in a bullish zone and are affected by rising buyer pressure. The prices look like it will soon break out from the first resistance level found at $553.
BCH prices just crossed the 100 EMA line trading at $541.69 and are exhibiting an uptrend. MACD signifies that the prices have edged over to the bullish zone. The coin is currently changing hands at $544.6 and is gaining against USD by 0.81%. The key resistance level can be traced at $604.1 The charts suggest that the prices are struggling to keep up above the current resistance level of $541.
Currently, one BCH is equal to 0.07744224 BTC and is losing against BTC by 0.17%.
BCH Price Predictions 2018, 2020
- According to Smartereum, the one-year forecast for the virtual currency is around $6,700, while the five-year forecast is around $24,600.
- Tradingbeasts has forecast that the coin could reach $1,930-$2,838 by the end of this year. Profitconfidential, on the other hand, expects the crypto to scale to around $7000 by the end of 2018.
- Longforecast has predicted that the digital asset will close the year at $412 and hit $1,150 by the end of 2020.
Bitcoin Cash Latest Updates
BitPay, a Bitcoin payment service provider, has announced that BitPay merchants can now use Bitcoin Cash as the second digital currency settlement option.
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