Bitcoin Cash (BCH) Price Prediction Forecasts

Welcome to BitcoinExchangeGuide.com's Bitcoin Cash Price Prediction summary where we reveal all BCH value analysis, forecast charts and market data.

Bitcoin Cash (BCH) Price Predictions: Market Data Forecasts and BCH/USD Value Charts

Bitcoin Cash (BCH) Long-term Value Forecast: June 8, 2019

On May 30, the BCH market was on a downward correction and the market fell to the support of the 0.382 (38.2%) Fib. retracement level.

The BCH price fell in the continuation zone of Fib.retracement level.

BCH/USD Long-term Trend: Bullish

Resistance levels: $440, $480, $520

Support levels: $360, $320, $280

The BCH/USD pair is still in the bullish trend zone. The 12-day EMA and the 26-day EMA are pointing northward. On May 30, the BCH market was on a downward correction and the market fell to the support of the 0.382 (38.2%) Fib. retracement level. The BCH price fell in the continuation zone of Fib.retracement level.

It is likely the bullish trend is may continue. However, if the bears break the 0.382 Fib. retracement level, the BCH price will be in a downtrend zone. From the price action, if the bulls break above the EMAs, the crypto’s price is likely to rise to retest the $440 overhead resistance level.

The BCH price is ranging above the 26-day EMA, if the bears break below the 26-day EMA, the market will be in a downward fall. The stochastic is in the overbought region but below the 80% range which indicates that price is in a bearish momentum and a sell signal.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: June 7, 2019

From the Fibonacci tool, the BCH price broke the 0.236 (23.6%) Fib.retracement level but the price closed outside the 0.382 (38.2%) Fib.retracement zone.

The BCH price is not likely to resume the bullish trend as it fell into the downtrend zone.

BCH /USD Medium-term Trend: Bullish

Resistance Levels: $400, $405, $410

Support Levels: $390, $385, $380

Yesterday, June 6, the price of Bitcoin Cash was in a bearish trend. On May 29, the BCH price reached a peak price of $450. However, the bulls were resisted at the $450 overhead resistance and the market fell to a downward correction. The downward correction was at the support of the 12-day EMA or at the $426 price level.

Meanwhile, the bulls made an upward move to retest the overhead resistance but were resisted again. On June 4, the market had another downward correction as the price fell to a low at $ 375. From the Fibonacci tool, the BCH price broke the 0.236 (23.6%) Fib.retracement level but the price closed outside the 0.382 (38.2%) Fib.retracement.

The assumption is that the 0.236 and 0.382 Fib.retracement levels are continuation zones for trending market. The BCH price is not likely to resume the bullish trend as it fell into the downtrend zone. However, if the bulls break above the EMAs, the crypto’s price is likely to rise to retest the $450 overhead resistance level. Where the bulls fail to break the EMAs, the BCH price will be in a range bound move.

BCH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of BCH is in a sideways trend. The 12-day EMA and 26-day EMA are flattening and moving horizontally. The crypto’s price is trading between the levels of $370 and $410. The moving averages are compassed with small body candlesticks like Doji and Spinning tops.

These candlesticks described the indecision between the buyers and the sellers at the current market price. Meanwhile, the BCH market is in the overbought region of the daily stochastic but below the 80% range. Which indicates that price is in a bearish momentum and sell signal.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: June 5, 2019

The 0.236 and 0.382 Fib. retracement levels are continuation zone for a bullish trend.

On the other hand, if the bears had broken the of 0.382 (38.2%) Fib. retracement level, the market would have taken a downward trend. The BCH price would have fallen to a low at $280 support level.

BCH /USD Medium-term Trend: Bullish

Resistance Levels: $450, $460, $470

Support Levels: $440, $430, $420

Yesterday, the price of Bitcoin Cash was in a bearish trend. Yesterday, the BCH price fell to the support of 0.382 (38.2%) Fib. retracement level and resumed a bullish move. The 0.236 and 0.382 Fib. retracement levels are continuation zone for a bullish trend. The crypto’s price is likely to rise and break the 12-day EMA and the 26-day EMA to reach the bullish trend zone.

On the other hand, if the bears had broken the of 0.382 (38.2%) Fib. retracement level, the market would have taken a downward trend. The BCH price would have fallen to a low at $280 support level. Meanwhile, if price breaks above EMAs and it is sustained, the bulls will be on hand to retest or break the $480 overhead resistance. Meanwhile, the BCH market is in the oversold region of the daily stochastic but above the 40% range. Which indicates that price is in a bullish momentum and buy signal.

BCH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of BCH is in a bullish trend. On June 3, the BCH price fell to the support of the $380 price level and commence a range bound move toward the EMAs. The 12-day EMA resisted the bullish move of the bulls as the price fell to the support of the $366 price level.

Today, the bulls have broken the EMAs as the price as risen. The BCH price is trading at $405 as at the time of writing. Meanwhile, the BCH market is in the oversold region of the daily stochastic but above the 20% range. Which indicates that price is in a bullish momentum and buy signal.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: June 4, 2019

The short-term is in a downtrend while the medium-term outlook is in a range-bound market.

Traders should be patient trading the consolidation.

BCH/USD Medium-term Trend: Ranging

Supply zones: $500, $600, $700

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term remained in a range-bound market. The breakout of the upper range on 29th May but failed to retest. Price rose to $483.33 in the supply area but exhaustion sets in and price dropped back within the range with a large bearish engulfing candle.

BCHUSD was down initially to $401.73 and later to $375.01 in the demand area as today session opens with another large bearish candle.

Price is below the two EMAs and the stochastic oscillator signal points down at 16% in the oversold region, an indication of downward price movement within the range in the medium -term outlook.

BCHUSD is in consolidation and trading between $441.00 in the upper supply area and at $359.00 in the lower demand area of the range. Patience is required for a breakout at the upper supply area or breakdown at the lower area before a position should be taken.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. Today’s 1-hour opening candle was a large bearish candle at $423.14. The bears' pressure was sustained from yesterday session. BCHUSD was down to $375.01 in the demand area.

Price is below the two EMAs that are fanned apart while the signal of the stochastic oscillator points down at 27% which is a confirmation of continued downward price movement.

$350.00 in the demand area is an initial target for the bears in the short-term.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: June 3, 2019

Presently, the price fluctuates below and above the EMAs. On the upside, if the bulls break the $450 resistance level, the BCH market will retest the $480 overhead resistance.

On the downside, if the bears break the $420 price level, the coin will further depreciate to the lows of $380 and $400 price level.

BCH /USD Medium-term Trend: Ranging

Resistance Levels: $450, $460, $470

upport Levels: $440, $430, $420

Last week the price of Bitcoin Cash was in a bullish trend. The crypto’s price rose from the $420 support level and reached the $480 price level. On May 30, the bulls were resisted and BCH market had a downward correction. The market fell to the support of the $420 price level.The 12-day EMA and the 26-day EMA were trending like a single horizontal line indicating that price was in a sideways trend. The crypto’s price is ranging between the levels of $420 and $450.

Presently, the price fluctuates below and above the EMAs. On the upside, if the bulls break the $450 resistance level, the BCH market will retest the $480 overhead resistance. On the downside, if the bears break the $420 price level, the coin will further depreciate to the lows of $380 and $400 price level. Meanwhile, the BCH market is in the overbought region of the daily stochastic but below the 60% range. Which indicates that price is in a bearish momentum and sell signal.

BCH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of BCH is in a sideways trend. The 12-day EMA and the 26-day EMA are trending horizontally indicating a sideways trend. The coin is trading in a tight range between the level of $430 and $450 price level while the crypto’s price fluctuates below and above the EMAs.

The crypto’s price is characterized by the appearance of small body candlestick like the Doji and the spinning tops. These describe the indecision between the buyers and sellers at the current market price. Meanwhile, the BCH market is in the oversold region of the daily stochastic but above the 20% range. Which indicates that price is in a bullish momentum and buy signal.

Author: Azeez M

Bitcoin Cash (BCH) Long-term Value Forecast: June 1, 2019

On the upside, if the bulls break the $480 price level, the crypto's price will rise to reach the previous high of $ 520.

From the Fibonacci retracement level, the crypto's price is in the continuation zone of the Fib.retracement level.

BCH/USD Long-term Trend: Bullish

Resistance levels: $440, $480, $520

Support levels: $400, $360, $320

The BCH/USD pair is in a smooth uptrend. The crypto's price is trending above the 12-day EMA. Each time the price retraces, it falls above the 12-day EMA and then continues its upward move. The BCH market reached a high of $456 price level but the bulls were resisted after testing the $480 resistance level.

On May 31, the price fell to the support of the 12-day EMA which indicates that price is likely to retest the $480 resistance level. From the Fibonacci retracement level, the crypto's price is in the continuation zone of the Fib.retracement level. On the upside, if the bulls break the $480 price level, the crypto's price will rise to reach the previous high of $ 520.

On May 1, the BCH price has an opening balance of $265 and a closing balance of $443. This indicates that the BCH price has appreciated by 67% of its capitalization in the month of May 2019. The stochastic is in the overbought region but below the 80% range which indicates that the price of BCH is in a bearish momentum and a sell signal.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: May 31, 2019

The short-term is in the bearish trend while the medium-term outlook is in consolidation.

Patience is required at this period.

BCH/USD Medium-term Trend: Ranging

Supply zones: $500, $600, $700

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term remained in a range-bound market. The breakout at the upper supply area on 29th May pushed BCHUSD up to $483.33 in the upper supply area. Lack of enough pressure by the bulls led failure in the retest at the broken supply area.

With the bears in control, BCHUSD dropped initially to $435.00 in the demand area. Increased bearish momentum pushed the cryptocurrency down to $401.73 before the end of yesterday session within the range.

Price is below the two EMAs with the signal of the stochastic oscillator r pointing down at 22%. These suggest continued momentum in price of the cryptocurrency within the range in the medium-term.

BCHUSD is in consolidation and trading between $441.00 in the upper supply area and at $359.00 in the lower demand area of the range. Patience is required for a breakout at the upper supply area or breakdown at the lower area before a position should be taken.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The formation of wicks in the candles at the key supply area at $475 connotes bullish exhaustion. The bears' control of the market was confirmed with the break of the two EMAs before the end of yesterday session.

$401.73 in the demand area was yesterday low as the downward journey continues in the short-term.

The inverted hammer formed shortly after today opening signal resumption of the downtrend after the minor retracement by the bulls.

The stochastic oscillator signal points down at 23% and price is below the two EMAs suggesting the bears may sustain the journey down south with $400.00 as the initial target.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: May 29, 2019

The short and medium-term outlook is in consolidation.

Patience should be exercised at this period for a defined trend before taking a position.

BCH/USD Medium-term Trend: Ranging

Supply zones: $500, $600, $700

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term is a range-bound-market. Price was up at $458.06 in the upper supply area when the bulls had a brief dominance of the market on 27th May.

The momentum was lost with the bearish spinning top formation within the range an indication of the bears returned. BCHUSD drooped to $426.09 in the demand area as the low of yesterday session breaking the 10-EMA.

The bears sustained the momentum as the market open today at $433.23 and but lost ground at $420.00 in the demand area closing as a hammer within the range. Price was up at $450.00 a breakout from the supply area and above the two EMAs.

The stochastic oscillator signal points at down at 38% an indication of divergence. These suggest a possible drop within the range in the medium-term.

BCHUSD is in consolidation and trading between $441.00 in the upper supply area and at $359.00 in the lower demand area of the range. Patience is required for a breakout at the upper supply area or breakdown at the lower area before a position should be taken.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. $458.06 in the supply area was yesterday high while $419.00 in the supply area was the low before the end of the session.

Today’s bearish candle at $435.20 sustained the bearish momentum but was lost at $420.00 in the lower demand area of the range.

The two EMAs were broken by the large engulfing candle at $426.00 thus implying the bulls return. BCHUSD rose to $450.00.

The stochastic oscillator signal points up at 79% and price is above the two EMAs suggesting an upward price movement in the short-term towards the upper supply area of the range.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: May 27, 2019

The short-term outlook is in the uptrend while the medium-term is in a range-bound market.

Patience should be exercise to allow a breakout or breakdown to occur before taking a position.

BCH/USD Medium-term Trend: Ranging

Supply zones: $500, $600, $700

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term continues a range-bound-market. The bulls sustained the momentum as predicted in the analysis of 24th May. $423.64 was the initial high before the drawdown to $397.00 in the demand area during yesterday session before the bullish continuation.

$437.82 in the supply area was yesterday high within the range above the two EMAs.

The bullish momentum was sustained with a breakout at the upper price range as the market opens today. $447.80 in the supply area was tested but price closed within the range.

BCHUSD is in consolidation and trading between $441.00 in the upper supply area and at $359.00 in the lower demand area of the range. Patience is required for a breakout at the upper supply area or breakdown at the lower area before a position should be taken.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish uptrend in its short-term outlook. The bulls stage a returned during yesterday session within the range at $396.20 in the demand area. The large bullish candle broke the two EMAs as price rose initially to $406.00 in the supply area.

Increased momentum pushed the cryptocurrency up at $437.82 in the supply area but closed within the range before the end of yesterday session.

Today’s 1-hour opening candle at $430.21 sustained the bullish momentum with a breakout and close above the upper price range. Price was up at $447.80 as the bulls continue the journey north.

Price is above the two EMAs with the stochastic oscillator at the overbought region. Upward continuation may be sustained in the short-term.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: May 24, 2019

The short and medium-term outlook is in consolidation.

Patience is required for price to take a define direction.

BCH/USD Medium-term Trend: Ranging

Supply zones: $500, $600, $700

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term continues a range-bound-market. The pressure by the bears at $408.03 after the large bearish candle on 22nd May was weakened at $368.03 in the demand area during yesterday session.

Exhaustion sets in which was denoted by the formation of a bullish spinning signaling the bulls’ presence. BCHUSD rose to $408.63 in the supply area within the range. The bulls may continue to push toward the upper price range as confirmed by the signal of the stochastic oscillator pointing up at 58% an indication of upward momentum.

BCHUSD is in consolidation and trading between $441.00 in the upper supply area and at $359.00 in the lower demand area of the range. Patience is required for a breakout at the upper supply area or breakdown at the lower area before a position should be taken.

BCH/USD Short-term Trend: Ranging

The cryptocurrency remains in consolidation in its short-term outlook. The lower demand area at $393.00 was broken as the market opens yesterday as the bears continue market dominance. The cryptocurrency dropped further to $368.08 in the demand area.

The cryptocurrency was up at $408.63 in the range as the bulls took control and journey up north before the end of yesterday session.

$434.00 is the upper supply area while $393.00 is the lower demand area of the range. Traders should wait for a breakout or a breakdown with a retest before taking a position in the market.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: May 22, 2019

The short and medium-term outlook is in a range-bound market.

Traders should be patient for a retest after the breakout or breakdown before taking a position.

BCH/USD Medium-term Trend: Ranging

Supply zones: $500, $600, $700

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term is a range-bound-market. The large bullish engulfing candle at $357.57 in the demand area on 19th May ensured bullish dominance within the range. The cryptocurrency rose to $447.05 in the supper supply area with a low at $400.48 in the demand area before the close of yesterday session.

The bears may have returned with the bearish inverted hammer formation formed with today’s 4-hour opening candle at $417.00. The stochastic oscillator signal points down at 52% an indication of downward momentum within the range.

BCHUSD is in consolidation and trading between $441.00 in the upper supply area and at $359.00 in the lower demand area of the range. Patience is required for a breakout at the upper supply area or breakdown at the lower area before a position should be taken.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. The bearish marubozu candle formed at $427.60 before the end of yesterday session after the wick at $447.05 confirmed the bears' presence as the cryptocurrency enters into consolidation.

Today’s 1-hour candle sustained the bear pressure at $420.40 with the cryptocurrency already down at $408.18 in the demand area below the two EMAs while it continues to range in the short-term.

$434.00 is the upper supply area while $393.00 is the lower demand area of the range. Traders should wait for a breakout or a breakdown with a retest before taking a position in the market.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: May 20, 2019

The short and medium-term outlook is the uptrend.

The retest at $452.91 in the supply area is on the horizon.

BCH/USD Medium-term Trend: Bullish

Supply zones: $500, $600, $700

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term returns to a bullish trend. The bears successfully dropped price at the 61.8fib area as predicted. $337.42 in the demand area on 17th May became the low of the day as the bears lost momentum with the formation of a bearish spinning top while the bulls gradually took control of the market.

The break of the two EMAs with a large engulfing candle at $357.57 confirmed the bulls dominance and the cryptocurrency price jumped to $397.00 in the supply area. Exhaustion of the bullish momentum occurred at $434.12 with the bears' setting in for a minor correction with the formation of an inverted doji as yesterday market closes.

Today's 4-hours opening candle at $417.58 closed a doji after the sign of bearish exhaustion. The cryptocurrency was down at $39415 in the demand area.

Price is above the two EMAs and the signal of the stochastic oscillator pointing down at 77%. This suggests a possible pullback to the 10-EMA before uptrend continuation in the medium-term.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The bulls had a nice journey over the weekend with price up at $432.94 in the supply area on its way to retest the $452.91 in the supply area it attained on 16th May.

Today’s 1-hour opening candle at $428.28 had the bears returned for correction and subsequent confirmation of the bullish continuation. BCHUSD was down to $394.55 in the demand area with the 50-EMA acting as strong support for upward price movement.

The signal of the stochastic oscillator points up at 49% with price above the 50-EMa. These imply an upward momentum in the short-term.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: May 17, 2019

The short and medium-term outlook is in a downtrend.

Responsible selling at bullish exhaustion areas may be considered

BCH/USD Medium-term Trend: Bearish

Supply zones: $500, $600, $700

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term is in a bearish trend. After a nice ride to $452.91 in the supply area during yesterday opening session, the bulls lost momentum. Exhaustion denoted by wick in the candle and the break of the 10-EMA by the large bearish candle signaled the bears' takeover. $380.00 was the low and the formation of a bearish doji ended yesterday session.

Today's 4-hours opening candle at $398.82 was a large bearish engulfing candle with a break at the 50-EMA. The cryptocurrency dropped to $340.65 in the demand area, below yesterday low. Thus nullifying the uptrend scenario and a resumption of the downtrend market in the medium-term.

The 61.8 may be retested and a further drop to the 78.2 fib area may occur as the bears' pressure becomes stronger.

Price is below the 10-EMA with the signal of the stochastic oscillator pointing down at 30%. These imply downward momentum in price of the cryptocurrency.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The upward price rejection at $452.91 coupled with the break of the two EMAs twice at $406.23 and $406.31 respectively confirms the bears' dominance of the market.

BCHUSD dropped to $340.65 in the demand area shortly after today’s opening session. Price is below the two EMA an indication of increased bearish momentum.

$330.00 in the demand area is a target in the short term after minor correction to the upside.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: May 15, 2019

The short and medium-term outlook continues in the uptrend.

Traders may consider buying at higher lows as the cryptocurrency journeys north.

BCH/USD Medium-term Trend: Bullish

Supply zones: $500, $600, $700

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term continues in a bullish trend. The bullish momentum was sustained with the formation of new higher highs each day. $407.00 and $410.92 in the supply were the high on 13th and 14th of May respectively.

Minor drawdown to $363.00 in the demand area occurred as a correction before the end of yesterday session with the candle closing as a spinning top an indication of exhaustion and subsequent bulls returned.

Today’s 4-hour opening candle sustained the bullish momentum with price up at $395.83 in the supply as the journey up north continues in the momentum.

Price is above the two EMAs which are fanned apart an indication of strength in trend coupled with the signal of the stochastic oscillator pointing up at 69%, it suggests upward momentum in price.

BCH/USD Short-term Trend: Bullish

The cryptocurrency remains in a bullish trend in its short-term outlook. The bulls lost momentum at $410.92 in the supply area during yesterday session. This resulted in a large bearish candle formation as the bears took control of the market. Price dropped to $363.00 in the demand area as the low of the day.

The bulls made a gradual returned signaled by the bullish hammer at $371.49 with today’s 1-hour opening at $381.65 sustaining the momentum to the upside.

Price was up at $395.83 and above the two EMAs with the stochastic signal points up at 79% shortly after opening. These imply continuation in upward price movement in the short-term as the bulls increased pressure on price.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: May 13, 2019

The short and medium-term outlook is in a bullish.

Traders may consider buying at pullback areas with bullish reversal candle as confirmation.

BCH/USD Medium-term Trend: Bullish

Supply zones: $400, $500, $600

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term is in a bullish trend. The momentum within the range was sustained as analyzed on 10th May. Increased momentum led to the break of the upper supply area on 11th May with price initially up at $328.41 and a $387.99 in the supply area before the close of the day.

The bulls brief momentum loss returned the bears over the weekend as price drops to $330.00 in the demand area. A further downward push of price was rejected at the 10-EMA with a bulls gradual return.

The bullish momentum was sustained after today’s opening bearish opening at $356.41. BCHUSD was up at $371.54 in the supply area.

With Price above the two EMAs which are fanned apart an indication of strength in trend coupled with the signal of the stochastic oscillator up at 69%, the bulls may sustain the journey up north.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The reversal at the 61.8 fib area pushed price up to the high of the week at $387.99 in the supply area.

Today’s 1-hour opening candle at $348.67 sustained the bullish pressure. Price is up at $371.54 in the supply area above the two EMAs.

The stochastic signal points up at 75% an indication of upward momentum in price in the short-term and price above the two EMAs. The bulls may continue the journey up to $395.00 in the supply area.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: May 10, 2019

The short-term is in a bullish trend while the medium-term outlook is in a range bound market.

Traders may consider taking a buy position at the 61.8 fib area after bullish reversal candle formation as confirmation.

BCH/USD Medium-term Trend: Ranging

Supply zones: $300, $400, $500

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term is in a range-bound market. The bullish momentum from the pin bar formed on 8th May pushed price up to $290.01 in the supply area on 9th May as the coin enters consolidation. Exhaustion at the supply area coupled with the bearish railroad formation signaled the bears returned.

BCHUSD dropped to $274.61 in the demand area during yesterday session and lost momentum. The cryptocurrency closed on a bullish note yesterday with price was up at $287.00.

With increased bullish momentum shortly after today’s opening at $283.06 and stochastic oscillator signal pointing up at 58%, BCHUSD was up at $283.06 in the supply area within the range.

BCHUSD is in consolidation and trading between $300.00 in the upper supply area and at $270.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience and a retest is required before a position is taken.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The impulse move to $280.00 in the supply area yesterday was corrected by the bearish momentum before the end of yesterday session. $276.21 in the demand area ended the bears' pressure as the market open today.

Continuation to the north was confirmed by the large bullish candle at $283.00 BCHUD rose to $294.74 before the pullback by the bears to 61.8 fibs as price drops to $283.29 in the demand area.

This fib area is a trend reversal area with a possible uptrend continuation at this area.

Price is within the two EMAs and the stochastic oscillator signal points up at 52%. These suggest upward momentum in the short-term.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: May 8, 2019

The short-term outlook is in consolidation while the medium-term.

The bulls are in control of the range.

BCH/USD Medium-term Trend: Bullish

Supply zones: $350, $400, $450

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term is in a bullish trend. The wick at $285.63 in the supply area at yesterday 4-hour opening candle signaled the bears' presence. Increased bearish momentum broke the two EMAs as BCHUSD dropped to $280.00 as the session ends yesterday and further to $270.00 in the demand area as markets open today.

The formation of a pinbar as the market opens today at the 50.0 fib area a trend reversal area signaled the bulls returned. With the signal of the stochastic oscillator pointing up at 37% an indication of upward momentum.

$310.00 in the supply area is up for retest and subsequently, a breakout as the journey up north continues.

BCH/USD Short-term Trend: Ranging

The cryptocurrency remains in a range-bound market in its short-term outlook. $273.00 in the demand area was the low attained by the cryptocurrency on 6th May before the bearish momentum was lost.

With the breaking of the two EMAs, the bulls established their control of the market with a push of price to the key resistance area at $298.00 within the range as the market opens yesterday.

Price dropped to $270.00 shortly after today’s opening due to bears pressure but closed with a wick at the lower demand area of the range an indication of bulls returned. Price is up at $284.99 around the two EMAs and the stochastic oscillator signal points up at 51% an indication of upward momentum of price within the range in the short-term.

$300 is the upper supply area while $270.00 is the lower demand area of the range. A breakout or a breakdown may occur, hence the need for patience and a retest before taking a position in the short-term.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: May 6, 2019

The short-term is in a range while the medium-term outlook is in the uptrend.

Traders may consider buying at keys areas within the range.

BCH/USD Medium-term Trend: Bullish

Supply zones: $300, $400, $500

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term is in a bullish trend. The momentum to the upside was sustained within the range as predicted with a breakout at $280.00 on 3rd April. The large bullish engulfing candle pushed price up to $310.00 in the supply area as the market opens on 4th May.

With a correction to $267.75 above the 50-EMA, the cryptocurrency made a high at $298.88 in the supply area during yesterday session.

Although today’s opening candle at $290.00 was bearish, it was a second retest at the broken supply area with an indication of bullish continuation in the medium-term.

$310.00 in the supply area is up for retest and subsequently, a breakout as the journey up north continues.

BCH/USD Short-term Trend: Ranging

The cryptocurrency continues in a range-bound market in its short-term outlook. The bulls lost momentum shortly after a push to $310.00 in the supply area. $295.00 within the range was a key resistance area as a rejection to upward movement repeatedly occurred resulting in a drop to $279.00 in the demand area shortly after today’s opening session.

Price is below the two EMAs crossover and the stochastic oscillator signal is parallel at 23% an indication of bears pressure within the range in the short-term.

$300 is the upper supply area while $270.00 is the lower demand area of the range. A breakout or a breakdown may occur, hence the need for patience and a retest before taking a position in the short-term.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: May 3, 2019

The short-term outlook is in the uptrend while the medium-term is consolidating.

Responsible buying at pullback areas as the journey up north continues.

BCH/USD Medium-term Trend: Ranging

Supply zones: $300, $400, $500

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term is in a range-bound market. After a bullish move to $227.40 in the supply area by the bulls on the first day of the new month, the cryptocurrency enters into consolidation.

Price made a low at $261.49 and a high at $276.89 twice on 1st and 2nd of May respectively. The bulls seem to be in the control of the market as it opens today at $264.20 as price was briefly up at $277.40 in the supply area above the EMAs crossover, an indication of upward price movement within the range.

BCHUSD is in consolidation and trading between $280.00 in the upper supply area and at $250.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience should be exercised before a position is taken.

BCH/USD Short-term Trend: Bullish

The cryptocurrency continues in a bullish trend in its short-term outlook. The bears manage to push the cryptocurrency to $261.49 in the demand area before the end of yesterday session. This was within the 38.2 fib area a trend continuation zone.

The implication id the bullish comeback as price shot back up to $270.15 in the supply area shortly after today's opening session.

Price is above the two EMAs and the stochastic oscillator signal points up an indication of upward momentum in price as the bulls keep up pressure on price in the short-term.

A retest and possible breakout at the $277.32 in the supply area is imminent.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: May 1, 2019

The short and medium-term outlook is in the uptrend.

Responsible buying opportunities at pullback areas may be considered

BCH/USD Medium-term Trend: Bullish

Supply zones: $300, $400, $500

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term is in a bullish trend. After a push to $227.40 in the demand area by the bears on 29th April, the bears lost momentum toward the end of the session.

Wick on the candle connotes exhaustion as the bulls gradually stage a returned. Confirmation to the bullish take occurred with the formation of a large marubozu candle at $236.32. BCHUSD rose to $266.51 before the end of yesterday session with the break of the 50-EMA.

The momentum to the upside was sustained as the market open today with a further push to $2732 in the supply area.

Price is above the two EMAs crossover with the stochastic oscillator signal pointing up at 82% in the overbought region. These suggest an upward momentum in price of the cryptocurrency in the medium-term.

BCH/USD Short-term Trend: Bullish

The cryptocurrency continues in a bearish trend in its short-term outlook. The bullish railroad formation at $228.50 in the demand area as the market opened yesterday signaled the bulls returned.

BCHUSD progressively rose to $263.99 in the supply area before the end of the session creation higher highs and lows.

A new high was attained as the market opens today at $277.32 in the supply area due to the bullish pressure. Price is above the two EMAs which are fanned apart an indication of strength in the uptrend.

New higher highs and higher lows may be formed in the short-term as the journey up north continues.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: April 29, 2019

The short and medium-term outlook remains in a bearish trend.

Traders may consider selling at bullish exhaustion area with bearish reversal candlestick as confirmation.

BCH/USD Medium-term Trend: Bearish

Supply zones: $300, $400, $500

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term is in a bearish trend. The bears kept the market under control over the weekend. With a large bearish engulfing candle at $258.34, BCHUSD dropped to $283.99 in the demand area $244.00 before the momentum loss.

Correction by the bulls is creation a flag with price up at $250.30 before the end of yesterday session. Today’s 4-hour opening candle at $248.93 sustained the bullish pressure. A push to the 10-EMA may occur before the bears returned.

Price is below the two EMAs. The EMAs area fanned apart which implies strength in the current downtrend. The stochastic oscillator signal points down at 26% suggesting downward momentum in price of the cryptocurrency in the medium-term.

BCH/USD Short-term Trend: Bearish

The cryptocurrency continues in a bearish trend in its short-term outlook. After dropping price to $244.00 in the demand area, exhaustion sets in denoted by wick in the candle. Retracement to the 38.2 fib area at $250.30 occurred before the end of yesterday session.

The bears sustained the momentum with a bearish candle at today’s opening at $249.90 with the 10-EMA acting as resistance against upward price movement.

Price is below the two EMAs, an indication of bears pressure while the stochastic oscillator signal points up, suggesting a brief upward movement before the downward movement.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: April 26, 2019

The bears are in control of the short and medium-term outlook.

Responsible selling at key areas may be considered.

BCH/USD Medium-term Trend: Bearish

Supply zones: $400, $500, $600

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term is in a bearish trend. The rejection of upward price movement at $283.99 in the supply area returned the bears. With a large engulfing candle at $281.34, the bears broke the lower demand area of the range and dropped price to $256.31 before the end of the session yesterday.

A retest of the broken demand area was attained with the 4-hour opening spinning top at $263.74. This was necessary to guaranty the bears’ full control and downtrend continuation.

The two EMAs area fanned apart which implies strength in the current downtrend while the stochastic oscillator signal points down at 16% in the oversold region, suggesting downward momentum in price of the cryptocurrency.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a downtrend in its short-term outlook. The third touch of price at the key support area at $283.00 returned the bears. BCHUSD dropped initially to $275.60 and later to $256.31 in the demand area as the session ended.

The cryptocurrency was briefly up at $271.20 in the supply area. This was a pullback necessary for the market correction and to confirm bearish continuation as price is back down to $258.20.

Price is below the two EMAs and the stochastic oscillator signal points down at 17% in the oversold region. These imply downward continuation in price with bears momentum increased.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: April 24, 2019

The short-term outlook is in a bullish trend while the medium-term outlook is in consolidation.

The double bottom formation will confirm the upward continuation.

BCH/USD Medium-term Trend: Ranging

Supply zones: $400, $500, $600

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term remains in a range-bound market. The bullish pressure was at $312.02 in the supply area shortly after yesterday opening session. This was after exhaustion denoted by wicks as the bears gradually stage a return with a drop to $287.32 in the demand area before the close of yesterday session.

The bears' pressure on price remained strong with today 4-hour opening candle a doji followed by a bearish candle. Price fell initially to $272.03 and later to $269.99 in the demand area closing as a bullish pinbar an indication of bullish reversal within the range.

$320.00 is the upper supply area while $265.00 is the lower demand

area of the range. Traders should be patient for a breakout at the upper range or a breakdown at the lower range before taking a position.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in an uptrend in its short-term outlook. The bearish exhaustion at $269.99 in the demand area suggests bullish reversal as confirmed by the engulfing candle at $271.33.

$300.00 in the supply area is the bulls target in the short-term but a minor drawdown to $269.90 area may occur to create a double bottom formation that favours bullish continuation.

The stochastic oscillator signal points up at 24% an indication of upward momentum in the short-term.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: April 22, 2019

The short-term is in a downtrend while the medium-term is in consolidation.

Traders should be patient trading the consolidation.

BCH/USD Medium-term Trend: Ranging

Supply zones: $400, $500, $600

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term remains in a range-bound market. The cryptocurrency was briefly up at $313.20 in the supply area after exhaustion of the bearish momentum. The break of the two EMAs within the range signaled the bears returned.

BCHUSD dropped to $280.00 in the demand area before the end of yesterday session.

Today 4-hour opening candle though bearish at $290.44, but the strong bullish pressure pushed price up to $296.00 in the supply area breaking the 10-EMAs as the bulls continue upward push within the range.

$321.00 is the upper supply area while $260.00 is the lower demand area of the range. Traders should be patient for a breakout at the upper range or a breakdown at the lower range before taking a position.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a downtrend in its short-term outlook. The bearish spinning top formed shortly after today’s opening at $303.95 in the supply area returned the bears.

Price was pushed down to $303.95 in the demand area. This was around the upward trendline.

A bounce to $296.00 in the supply area occurred from the bullish engulfing candle at $288.96. Rejection of upward price continuation at the supply area due to the bearish railroad formation.

A drop to $290.90 in the demand area around the trend line may occur in the short-term. A break down may continue as the bearish momentum increased.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: April 19, 2019

The short and medium-term continues in a range-bound market.

Patience is required at this period.

BCH/USD Medium-term Trend: Ranging

Supply zones: $400, $500, $600

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term remains in a range-bound market. The bearish flag formations within the range are indications of downtrend continuation within the range. Each flag formation is followed by a drop in price.

$310.90 in the supply area was the high the bullish momentum was lost as bearish railroad closes yesterday session.

Today 4-hour opening candle was a bearish engulfing candle as BCHUSD drop to $290.00 in the demand area below the two EMA.

$321.00 is the upper supply area while $260.00 is the lower demand area of the range. Traders should be patient for a breakout at the upper range or a breakdown at the lower range before taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency continues in consolidation in its short-term outlook. The bears' pressure from the bearish railroad of 16th April had continuously dominated the market. $303.95 in the demand area was the low within the range yesterday.

The momentum was increased as the market opens today with a bearish spinning top at $308.96. BCHUSD dropped to $290.00 in the demand area, breaking the lower range but closes back within the range.

The bulls may have taken over the control within the range as indicated by the exhaustion of the bearish momentum and the formation of a bullish pinbar at $294.14 and the stochastic oscillator signal pointing up at 27%.

BCHUSD is in consolidation and trading between $322.48 in the upper supply area and at $293.19 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: April 17, 2019

The short and medium-term outlook is consolidation.

Patience is key at the period.

BCH/USD Medium-term Trend: Ranging

Supply zones: $400, $500, $600

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term continues in a range-bound market. The bullish momentum after the breakout from the two EMAs at $280.38 pushed price up to $335.00 in the supply area on 15th April. With the bearish railroad formation after exhaustion around the area, the bears returned strongly as the cryptocurrency drops to $291.49 in the demand area.

The close of yesterday session shows that the bearish pressure remains strong with an inverted bearish hammer.

Today’s bullish 4-hour opening candle was a bearish spinning top at $316.45. BCHUSD is down at $308.56 below the 10-EMA as the journey toward the lower demand area of the range continues.

$321.00 is the upper supply area while $260.00 is the lower demand area of the range. Traders should be patient for a breakout at the upper range or a breakdown at the lower range before taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. The bears were signaled by the bearish railroad at the close of yesterday market with confirmation as the market opens today with an inverted hammer at $316.45.

The 10-EMA is broken as price drops to $308.86 in the demand area above the 50-EMA. The bear pressure remains strong and a break at the 50-EMA will confirm the journey to the south with the range.

BCHUSD is in consolidation and trading between $322.48 in the upper supply area and at $293.19 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: April 15, 2019

The bears are in control of the short-term while the medium-term ranges.

Traders may consider selling around key areas.

BCH/USD Medium-term Trend: Ranging

Supply zones: $400, $500, $600

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term continues in a range-bound market. The bulls had a gradual return to the market during the weekend. This was with a breakout at the two EMAs with a large engulfing candle at $280.38. BCHUSD rose to $291.49 in the supply area before the end of yesterday session.

Today’s bullish 4-hour opening candle at $289.92 sustained the bullish momentum with a further push of price to $311.66 but closes within the range as exhaustion sets in, with the bears showing signs of the takeover as a result of the bearish spinning top formation.

$310.00 is the upper supply area while $260.00 is the lower demand area of the range. Traders should be patient for a breakout at the upper range or a breakdown at the lower range before taking a position.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bulls lost momentum at $311.66 in the supply area as denoted by the wicks in the candles shortly after the market opens.

The breaks at the 10-EMA further confirm the bears' control of the market as BCHUSD drops to $295.90 in the demand area.

The stochastic oscillator signals point down at 68% with price below the two EMAs. These suggest downward momentum in price the short term.

The 61.8 fibs area ($287.78) in the demand area may be retested as the bears' pressure becomes stronger and more candles opened and closed below the EMAs.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: April 12, 2019

Bitcoin Cash (BCH) Price Analysis

The market is wobbly, perhaps sated by last two week’s stellar gains. After Bitcoin Cash surged more than 78 percent and almost doubling, the inevitable correction is instilling sense, watering down the irrational exuberance that had begun creeping. But, when everything is said and done, this was totally understandable.

Read: Why Has Bitcoin Cash (BCH) Outperformed Bitcoin (BTC) in 2019 So Far?

Ran mostly by retail investors, always keen on clipping the market and therefore jumping in and out whenever there is an opportunity, it is fragile. True, volumes are at all times high and as capital flow back to Bitcoin, dominating 51.7 percent of the markets, the resulting demand has a magnifying effect on altcoins like Bitcoin Cash. This is despite BCH fronting better solutions, is fast and gaining valuable ground in countries like Japan whose citizens are very receptive of cryptocurrency and blockchain technology in general.

Even so, Bitcoin Cash fundamentals and even price action are coupled with Bitcoin’s and the later effect impacts the former. Therefore, the analysis that Bitcoin prices did hit rock bottom and are now on a recovery path is super bullish to BCH fans. From Fundstrat’s Misery Index, a tracker that factor in several variables to gauge investor sentiment, it is clear that participants are expectant and indeed “happy” to invest.

Also Read: How to Be a Bitcoin Cash Bounty Hunter: Easy Way to Earn BCH Rewards?

Last week, it hit 92, a level last seen in mid-2016 and according to Tom Lee, any reading above 62 hints of bullish expectations. Often time, such readings are accompanied by a pullback of at least 25 percent as traders take their profits.

BCH/USD Price Analysis

Price wise and Bitcoin Cash (BCH) is down 6.6 percent in the last week, shaving 5.9 percent in the last day but still perched at sixth with a market cap of $4,740 million. All the same, we shall maintain a bullish outlook expecting prices to snap back to trend after this correction.

Note that in two short weeks, prices did clear two main resistance levels in $150 and later $230 at the back of above average volumes while breaking above two key resistance trend lines in the weekly chart mirroring Bitcoin’s.

Therefore, as we search for entries in smaller time frames, ideal reversal points stand at $230—if upside momentum is high or $150 this correction is deep. Alternatively, a simple Fibonacci retracement tool of the last leg up hints of possible reaction at $200 and $230 meshing with the 61.8 and 78.6 percent Fibonacci retracement levels.

From this, we can see that $230, our main support—previous resistance level, is a strong reaction point and bears may hit it completing the retest phase before trend resumes with targets at $400.

Author: Dalmas N

Bitcoin Cash (BCH) Daily Price Forecast: April 12, 2019

The medium outlook is in consolidation while the short-term outlook is in the uptrend.

Traders may consider buying in key areas.

BCH/USD Medium-term Trend: Ranging

Supply zones: $400, $500, $600

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term continues in a range-bound market. The bears' strong pressure on price from $315.14 in the supply area of 10th April was lost at $254.17 in the demand area on 11th April as exhaustion set in.

The bulls gradual returned to the market was confirmed with the close of the candle within the range on 11th April and with the formation of a pinbar as the market opens today at $270.67.

BCHUSD rose to $290.00 in the supply area within the range as the two EMAs were broken due to increased bullish momentum as confirmed by the stochastic oscillator signal pointing up at 39%.

$309.29 is the upper supply area while $264.87 is the lower demand area of the range. Traders should be patient for a breakout at the upper range or a breakdown at the lower range before taking a position.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in an uptrend in its short-term outlook. The drop in price to $258.37 in the demand area after shortly after today’s opening created the double bottom pattern.

The cryptocurrency rose to $289.68 after breaking the two EMAs with a large bullish candle.

The bears are currently in control as price drops to $280.15 in the demand area. This is a correction to the impulsive, to confirm the uptrend. The bulls may stage a returned after the bearish exhaustion to push price up to $310.00 in the supply area.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: April 10, 2019

The short and medium-term outlook is in consolidation.

Patience is recommended at this period.

BCH/USD Medium-term Trend: Ranging

Supply zones: $400, $500, $600

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term is in a range-bound market. Over the past one week after attaining a high of $354.17 on 3rd April, the cryptocurrency has been in consolidation. $292.51 in the demand area was the low of during yesterday session.

Today’s 4-hours candle was a bullish hammer as the bulls struggle to take control of the market. BCHUSD rose to $309.29 before the momentum loss.

With price above the 50-EMA and the stochastic oscillator signal pointing up at 40%. It implies an upward momentum in price within the range may occur in the medium-term.

$309.29 is the upper supply area while $309.29 is the lower demand area of the range. Traders should be patient for a breakout at the upper range or a breakdown at the lower range before taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in an uptrend in its short-term outlook. Ith a bullish spinning top as the 1-hour opening candle, the bulls took control of today’s session within the range. Price rose to $309.29 in the supply area before exhaustion sets in as the candle closed as an inverted hammer.

The stochastic oscillator is pointing down at 37% and price below the two EMAs, it suggests a bearish continuation within the range in the short-term.

BCHUSD is in consolidation and trading between $312.00 in the upper supply area and at $292.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: April 8, 2019

The bulls remained in control of the short and medium-term outlook.

Responsible buying at key support areas around the EMAs may be considered.

BCH/USD Medium-term Trend: Bullish

Supply zones: $400, $500, $600

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term remains in a bullish trend. The bulls had a progressive movement to the north over the weekend with a touch at $332.64 in the supply area.

This was informed by the bullish marubozu at $287.89 coupled with the fact that price is within the 23.6 fib level, a trend continuation zone. Minor pull back was necessary as market correction saw the bears dropped the cryptocurrency to $311.04 in the demand area above the 10-EMA shortly after today’s opening.

The two EMAs are fanned apart an indication of strength in the context of the trend and in this case the uptrend while the stochastic oscillator signal points up at 69%, a confirmation to further upward price movement in the medium-term.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in an uptrend in its short-term outlook. Price remains above the two EMA with rejection to the downward movement as the bears lost momentum.

Today’s 1-hour opening candle at $320.68 was a doji followed by a bullish candle an indication of the bulls dominance.

The stochastic oscillator signal points down an indication of the minor draw down to $311.04 in the demand area but with the close of the candle as a bullish railroad it suggests that the bulls may resume and push price to a new high of the day above $350.00 in the supply area before the end of market today.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: April 5, 2019

Latest Bitcoin Cash (BCH) News

Bitcoin Cash has been struggling since its contentious and damaging hard-fork of Nov 2018. Could it be on its way back to former glory? Some key positive developments in recent days and explosive price movement suggest that it is on track to its former glory.

Since last year’s hash war, which arguably triggered one of the market's worst plunge, Bitcoin Cash (BCH) has come under fire. Over and above, its price took one of the worst hit days after war an although it has since recovered, cracks are visible.

Read: Roger Ver Praises Bitcoin Cash Usage Uptick in Japan, Only to Relate It to BCH’s Superiority over BTC

However, since the market began rallying on April 1, Bitcoin Cash has been one of the best performing coins. Before the surge, the coin was trading just above $164. In the last couple of days, the coin has gone on to hit a high of over $300, nearly double.

Boosting its recent surge are a few positive news. A recent report has indicated that Bitcoin Cash is more widely accepted than Bitcoin in Japan. This has led to the country having more Bitcoin Cash accepting outlets more than Bitcoin.

Japan now has more Bitcoin Cash accepting physical shops than BTC.https://t.co/nVHwj1EogG — Roger Ver (@rogerkver) March 31, 2019

The report suggests that Bitcoin Cash is growing in superiority and could soon be more adopted globally than Bitcoin. In addition, Bitcoin Cash is set to benefit from the launch of Tribeos' digital advertising marketplace.

Also Read: Crescent Cash Becomes Third Bitcoin Cash (BCH) Light Client To Adopt Cash Accounts

The marketplace according to a demo video released by the company will utilize Bitcoin Cash (BCH) to facilitate payments.

BCH/USD Price Analysis

At the time of press, Bitcoin Cash (BCH) is no doubt one of the top performers. By adding a massive 72.3 percent and a couple of dollars away from psychological $300-mark, BCH bulls are on the roll. Not only does this mean our trade plan is firm and bulls are back in contention but there is a strong likelihood that this is the beginning of a bigger move that could thrust Roger Ver’s treasure to above $500 and pre-hard fork levels.

If that is the case then the fifth largest digital asset is grossly undervalued and every low above $230 is technically a buying opportunity. Even so, we retain a cautious picture noting that because of recent explosions, BCH is somehow overvalued.

Already, yesterday’s bar was bearish, closing above the upper BB meaning BCH is technically overpriced. However, should there be a correction, then the ideal loading opportunity is around $200-$260 zone. After that, the first target should be $400, the break-out level where if bulls are successful would spell another wave towards our ideal $550-$600 zones.

Author: Dalmas N

Bitcoin Cash (BCH) Daily Price Forecast: April 5, 2019

The bulls remain in control of the short and medium-term outlook.

Buying at pullbacks may be considered.

BCH/USD Medium-term Trend: Bullish

Supply zones: $300, $400, $500

Demand zones: $100, $50, $30

BCHUSD outlook in the medium-term is a bullish trend. Correction to the bullish impulsive move by the bears was exhausted at $272.00 in the demand area. This was denoted by wicks in the candles couple with the fact that it was at the 38.2 fib area, a trend continuation zone.

The bulls gradually return with an initial push of price to $296.31 in the supply area before the end of yesterday session. The formation of a gravestone doji after the 4-hour opening candle today at $282.44 confirm bullish continuation.

BCHUSD is up at $296.05 in the supply area. A retest at $164.19 may occur as the momentum to the upside increases and more candles opened and closed above the two EMAs that are fanned apart, which suggest strength in trend.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in an uptrend in its short-term outlook. Rejection to downward price movement occurred at $272.00 in the demand area. The formation of spinning top followed by a doji signaled the bulls gradual returned. The two EMAs acting as a strong support for the bullish continuation.

The cryptocurrency is up at $296.05 in the supply area. With the stochastic oscillator signal pointing up at % and price is above the two EMAs, BCHUSD may retest $165.38 in the supply area as the bullish pressure becomes stronger in the short-term.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: April 3, 2019

Today's Bitcoin Cash (BCH) News

CoinBase is one of the leading and most trusted cryptocurrency exchanges in the world. It’s an on-ramp for US clients allowing investors as well as trader an unbridled access to the crypto world in a secure and through an easy to use UX.

Read: Roger Ver Praises Bitcoin Cash Usage Uptick in Japan, Only to Relate It to BCH’s Superiority over BTC

Because it has never been hacked and nobody knows the number of user funds under their custody, the exchange now reveals that they procured an insurance cover worth $255 million for their hot wallet. Philip Martin, CoinBase’s VP of Security said:

“We currently hold a hot wallet policy with a $255 million limit placed by Lloyd’s registered broker Aon and sourced from a global group of US and UK insurance companies, including certain Lloyd’s of London syndicates.”

In a trend that is worryingly becoming rampant, crypto exchanges are easy prey for sophisticated cyber-criminals aiming at the centralized honeypot of funds secured by exchanges across the world. We saw what happened to BitHumb when three million EOS coins and 20 million XRP coins were stolen.

Also Read: CoinBase Confirms Crypto Insurance Coverage Worth $255 Million for Hot Wallets

According to Philip Martin and as reported by BEG team, the “rationale has remained the same the entire time: if the worst happens and CoinBase loses customer funds, customers deserve certainty that they will be made whole.”

BCH/USD Price Analysis

Price wise, Bitcoin Cash is rallying and up 60 percent from last week’s close and up 40 percent in the last 24 hours. This is super-impressive and thanks to Bitcoin rise, BCH, and other alt-coins are now in the green territory. But what is note-worthy are fundamental and technical factors. With BCH development and adoption especially in Japan, demand for the coin will increase as prices follow suit. That will help maintain prices above $230—which in our last BCH/USD trade plan was our first target marking Dec 2018 highs.

Already, traders should note that yesterday’s close above $230 did confirm the three-bar bull reversal pattern of mid-Dec setting in motion the second wave that could lift BCH towards $400. If that is the case then it is imperative that prices trend above $230 at the back of decent, above average volumes in line with yesterday’s surge—172k, satisfactorily erasing losses of Feb 24—85k.

That will reveal demand and as long as prices are up, there is an opportunity for entry in smaller time frames whenever prices dip. Ideal first target, as aforementioned, will be $400 or pre-Nov-18 hard fork level which is almost double current valuation.

Author: Dalmas N

Bitcoin Cash (BCH) Daily Price Forecast: April 3, 2019

The bulls remain in control of both the short and medium-term outlook.

Buy positions may be considered.

BCH/USD Medium-term Trend: Bullish

Supply zones: $300, $400, $500

Demand zones: $50, $40, $30

BCHUSD continues in a bullish trend in its medium-term outlook. The target at $180.00 in the supply area was attained shortly after yesterday opening. BCHUSD rose to $249.00 in the supply area before the end of the session as the bullish pressure was sustained.

The bulls’ maintained control of the market with a push of price to $298.00 in the supply area as the market opens today. Price is above the two EMAs crossover which suggests strong bullish pressure.

The bears are briefly in control, this is necessary for market correction as indicated by the stochastic oscillator signal pointing down at 75%.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in an uptrend in its short-term outlook. The bulls kept pressure up as the market opened today at $229.52. BCHUSD rose to $298.00 in the supply area before the bears gradual returned signaled by the bearish railroad.

BCHUSD was down to $170.53 in the demand area. This was on the 10-EMA. This journey down south was rejected at this area.

The journey north remains valid and may resume after the expiration of the brief pullback.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: April 1, 2019

The short-term is in consolidation while the medium-term outlook is in a bullish trend.

Traders should be patient trading the ranging market.

BCH/USD Medium-term Trend: Bullish

Supply zones: $180, $200, $220

Demand zones: $50, $40, $30

BCHUSD continues in a bullish trend in its medium-term outlook. After pushing the cryptocurrency up to $171.69 in the supply area, the bullish momentum was lost as indicated by the wick in the candle to $164.19 in the demand area was the low of the coin as the bears' pressure weakens.

Each drawdown indicated by the flag was a market correction to the impulsive move to confirm the uptrend continuation. A new high is imminent as the bullish pressure build up with price above the two EMAs.

$180.00 in the supply area is the bulls initial target in the medium-term as more candle spend and closed above the two EMAs.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in a range-bound market in its short-term outlook. The bullish momentum was lost at $169.68 in the supply area shortly after today’s opening session.

The bearish tweezer top formed at the supply area signaled the bears returned with confirmation at the break of the two EMAs. BCHUSD initially dropped to $167.06 and later to $168.28 in the demand area as the downward journey continues within the range.

Price is below the two EMAs and the stochastic oscillator signal points down at 27%. It suggests a downward momentum in price within the range in the short-term.

$170.00 is the upper supply area while $164.00 is the lower demand area of the range. A breakout at the upper price range or a breakdown at the lower demand area is imminent, patience is key at this period

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: March 29, 2019

The bulls are in control of the short and medium-term outlook.

Responsible buying at pullbadk areas with bullish reversal candles as confirmation.

BCH/USD Medium-term Trend: Bullish

Supply zones: $180, $200, $220

Demand zones: $50, $40, $30

BCHUSD is in a bullish trend in its medium-term outlook. The breakout from the upper price range at $167.50 on 27th March was due to the strong bullish pressure. BCHUSD rose to $172.99 in the supply area and formed an ascending channel.

At the upper line of the channel, the bears set in to push price back to the lower line of the channel. The cryptocurrency was down yesterday with $165.38 as the low of the day.

The overall outlook is bullish, for price to go back up to the upper line of the channel but a minor pullback to the lower line f the channel may occur for a complete cycle before the bulls takeover.

Price is above the two EMAs that are fanned apart an indication of strength in the trend and in this case the uptrend.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in an uptrend in its short-term outlook. The bullish momentum was briefly lost shortly after yesterday opening at $168.28. The cryptocurrency made a low at $165.38 in the demand area before the bulls stage.

BCHUSD rose to $170.53 in the supply area shortly after today’s opening.

Price is above the two EMAs as brief pullback may occur to set the stage for another rally.

$178.00 in the supply area may be retested as the bullish momentum increased in the short-term.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: March 27, 2019

The medium-term outlook is in a range-bound market while the short-term is in bearish trend.

Traders may considered selling at key area.

BCH/USD Medium-term Trend: Ranging

Supply zones: $180, $200, $220

Demand zones: $50, $40, $30

BCHUSD remains is in a range-bound market in its medium-term outlook. $152.50 in the demand area was the low of the yesterday session as bearish momentum was lost due to the formation of a hammer. The bulls gradually took control of the market before the end of the session as price was pushed up to $159.01 in the supply area.

The bullish momentum was sustained at today’s opening session with a bullish engulfing candle at $158.42 with BCHUSD initially up at $164.77 and later at $170.00 above the upper price range. A close within the range is obvious as exhaustion t the bullish momentum is seen with the wick in the candle.

$167.50 in the supply area is the upper price range while $150.00 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown from the lower demand area may occur hence patience is required for this to play out before taking a position.

BCH/USD Short-term Trend: Bearish



The cryptocurrency is in a downtrend in its short-term outlook. The formation of the double top at $168.90 in the supply area signal a trend reversal and he bears take over.

The bearish spinning top formed around the supply area coupled with the signal of the stochastic oscillator pointing down at 84% in the overbought region. These suggest downward momentum in price in the short-term as the bearish pressure becomes stronger.

$154.00 in the demand area is the bears' target in the short-term.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: March 25, 2019

The medium and short-term outlook is in consolidation.

Traders should be patient for a defined trend before taking a position.

BCH/USD Medium-term Trend: Ranging

Supply zones: $180, $200, $220

Demand zones: $50, $40, $30

BCHUSD is in a range-bound market in its medium-term outlook. After a push of price to $168.90 in the supply area, exhaustion sets in which was denoted by wicks in the candle around the area.

The inverted hammer announces the bears returned while the bearish railroad confirms the bears' dominance. BCHUSD is down at $153.91 in the demand area. The bearish pressure may continue within the range as confirmed by the signal of the stochastic which points down at 37%.

$167.50 in the supply area is the upper price range while $147.50 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown from the lower demand area may occur hence patience is required for this to play out before taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is back in consolidation in its short-term outlook. The cryptocurrency enters into consolidation shortly after the bulls pushed price up to $168.30 in the supply area on 23rd March.

$160.30 in the demand area was the low the bears manage to push the coin to before end of yesterday session. Today’s 1-hour opening candle at $164.03 was bearish as the downward momentum was sustained. BCHUSD is down to $160.17 in the demand area as the cryptocurrency ranges.

BCHUSD is ranging and trading between $168.02 in the upper supply area and at $158.39 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence traders should be patience.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: March 22, 2019

The medium and short-term outlook is in a downtrend.

Responsible selling may be considered.

BCH/USD Medium-term Trend: Bearish

Supply zones: $180, $200, $220

Demand zones: $50, $40, $30

BCHUSD continues in bearish trend in its medium-term outlook. The strong bearish pressure was sustained as the cryptocurrency dropped to the predicted 50.0 fib area at $146.01. Increased bearish momentum saw BCHUSD further down to $145.81 in the demand area during yesterday session.

The momentum was briefly lost as indicated by the wick in the candle as the bulls returned. This saw the cryptocurrency up at $153.47 in the supply area which is within the 38.2 fib area.

Today’s session opened with a bearish doji candle at $152.66 an indication of possible bears returned.

The bearish pressure remained strong and a retest of the 50.0 fib area at $146.01 may occur before the next of 61.8 fib area at $141.07 in the demand area.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. $152.45 in the lower demand area of the range was broken with a large bearish candle. BCHUSD dropped lower to $152.45 which was the same low on 17th March.

The broken demand area was retested before the end of yesterday session due to the bulls returned. This was a correction needed to confirm the downtrend continuation.

Price is below the two EMAs an indication of strong bears presence $146.00 in the demand area is up grabs as the momentum down south increases in the short-term.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: March 21, 2019

Today's Bitcoin Cash News

In the eyes of the incumbents, crypto is a tool. An effective tool for money laundering that should be crashed by all means before its toxicity spreads. Well, at least that is what they see. And it is normal for any disruptive technology at its early stages to be repulsed. Misunderstood and opposed from inception, blockchain, and their applications are nonetheless revolutionary.

We have seen what Bitcoin represents and what is doing for citizens of ravaged economies. Cryptocurrencies of all forms—unless of course, they are enterprise grade and permissioned—is a battle-tested refuge, a shelter that is global, highly reliable and safe storage of value as well as a medium of exchange.

Citizens in Venezuela, as well as those in Iran who have had to live by international sanctions, can attest to this. It is for this reason that Chicago’s mayor–Rahm Emanuel, despite his admission that he has little knowledge on how crypto operates sees is publicly declaring his admiration for these digital assets.

The former chief of staff during the Obama administration says that countries facing financial turmoil can harness cryptocurrencies and find their way out of repression or authoritarianism. While talking to Forbes, he said:

“One day, somebody’s going to figure out – whether that’s Argentina, ten years from now, five years from now – how to use cryptocurrencies to stay alive when their facing a financial crisis, and then you’re going to find out that this moment has arrived.”

BCH/USD Price Analysis

So far, Bitcoin Cash is one of the top performers. Adding 24.5 percent in the last week, the coin is up to sixth and closing in on Litecoin. However, what is impressive is their price movement in the last few days. It is clear that the coin is bottoming up.

Note that BCH has satisfactorily recouped losses of Feb 24 after Mar 16 volumes printed high volumes—78k versus 27k and subsequently accompanied by a wide-ranging bull bar confirming bulls of Mar18. Although demand has been waning in the last couple of days as BCH prices consolidate away from the upper BB, risk off traders ought to stay on the sidelines and wait for a comprehensive close above $170 as demand drive prices above the three-month ranging market marked by Jan 10 highs.

Should buyers have an upper-hand and close above $170 or the 38.2 percent Fibonacci retracement level of Dec 2018 high low, then it is likely that BCH prices will rally. As a result, the first reasonable target will be Dec 2018 highs at $4,500.

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N

Bitcoin Cash (BCH) Daily Price Forecast: March 20, 2019

The medium-term outlook is in downtrend while the short-term is in consolidation.

Patience should be exercise for a breakout or breakdown to occur before taking a position.

BCH/USD Medium-term Trend: Bearish

Supply zones: $180, $200, $220

Demand zones: $50, $40, $30

BCHUSD is in bearish trend in its medium-term outlook. After a push of price to $166.80 in the supply area, the bullish pressure was weaken as the cryptocurrency briefly ranges around the 23.6 fib area.

The bears’ hold of the market was signaled with the exhaustion denoted by wick at $160.59 as the candle closes as an inverted pinbar during yesterday session. The break of the 10-EMA by the large bearish engulfing candle confirmed the bears' takeover as today’s market opens.

BCHUSD is down to $155.07. Continued movement to the downside may occur as indicated by the stochastic oscillator whose signal points down at 31%.

$146.01 in the demand area which is the 50.0 fib area is a target to the bears in the medium term as the bearish pressure becomes stronger.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. $161.36 in the supply area was the high while $153.56 was the low of the cryptocurrency it ranges.

Today’s bullish 1-hour opening candle at $158.65 pushed price up briefly to $159.87 in the supply area before the bears took control and dropped BCHUSD to $155.25 in the demand area.

A flag is been formed within the range an indication that downward moment may continue.

BCHUSD is ranging and trading between $161.91 in the upper supply area and at $152.45 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence traders should be patience.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: March 18, 2019

The medium-term outlook is in consolidation while the short-term is in a bullish trend.

Traders may consider buying at pullback areas.

BCH/USD Medium-term Trend: Ranging

Supply zones: $180, $200, $220

Demand zones: $50, $40, $30

BCHUSD continues in the range in its medium-term outlook. $134.35 in the supply area was the high due of yesterday market while $127.02 at the demand area was the low of the day. The bullish pressure was more dominate after the two EMAs were broken by the large bullish candle.

Today’s 4-hour opening candle at $131.39 sustained the momentum up north as the bulls continue their dominance in today’s session. Price is above the two EMAs crossover and the stochastic oscillator signal points up. These imply upward momentum in price within the range may occur.

BCHUSD is in consolidation and trading between $135.35 in the upper supply area and at $125.35 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower area with a retest before a position is taking a position.

BCH/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The bullish impulsive move to $134.35 in the supply area witnessed a correction to $127.11 in the demand area by the bears before the end of yesterday session.

The cryptocurrency is in an ascending channel. $130.75 in the lower line of the channel was with tested after today’s opening session as the bears' momentum was lost.

The bulls gradual returned was signaled by the first bullish candle at $130.78 and confirmed by the bullish marubozu candle at $131.31.

$134.00 at the upper line of the channel is the bulls initial target in the short-term as price stands above the two EMAs crossover an indication of bullish pressure.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: March 15, 2019

The medium and short-term outlook is in the uptrend.

The journey to $180.00 supply area is on.

BCH/USD Medium-term Trend: Bullish

Supply zones: $180, $200, $220

Demand zones: $50, $40, $30

BCHUSD is in bullish trend in its medium-term outlook. The breakout at $135.35 in the upper supply area occurred with a large bullish with marubozu candle on 15th March.

BCHUSD rose to $159.64 in the supply area over the weekend before the minor draw down to $145.76 in the demand area as yesterday session opens.

Although the bulls stage a return before the end of trading with a push of price to $156.68 in the supply area.

Today’s 4-hour opening candle at $156.50 sustained the bullish momentum as BCHUSD was up at $166.80 in the supply area shortly after opening. Price is above the two EMAs which are fanned apart, an indication of strength in the context of the uptrend. The stochastic oscillator signal points up at 74%. This implies an upward momentum in price in the medium-term.

BCH/USD Short-term Trend: Bullish

The cryptocurrency continues in a bullish trend in its short-term outlook. Price is on a making progressive higher high with a push to the upside at each touch of the trendline.

Today’s 1-hour candle was a doji followed by a bullish candle $153.56 confirmed the bulls takeover. BCHUSD was up at $166.80 in the supply area.

A minor pullback may occur before uptrend continuation. $172.00 in the supply area remained a target for the bulls as price stays above the two EMAs in the short-term as the pressure becomes much stronger.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: March 13, 2019

The cryptocurrency is in a range-bound market in both the medium and short-term outlook.

The need for patience is essential for a breakout or breakdown in price before takin a position.. before taking a position.

BCH/USD Medium-term Trend: Ranging

Supply zones: $180, $200, $220

Demand zones: $50, $40, $30

BCHUSD continues in the range in its medium-term outlook. The momentum to the downside was strong during yesterday session with a retest $125.10 in the demand area. The bearish marubozu ensure the bears touch at the lower price range.

BCHUSD was up before the end of yesterday session as the bulls gradually took over the control with the formation of an engulfing candle at $125.25. The cryptocurrency was up at $128.50 in the supply area.

The bulls may continue the upward price movement within the range as confirmed by the signal of the stochastic oscillator pointing up at 39% and price hovers around the 10-EMA.

BCHUSD is in consolidation and trading between $135.35 in the upper supply area and at $125.35 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower area with a retest before a position is taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in a range-bound market in its short-term outlook. The strong bear pressure successfully broke the lower demand area of the three times. The bulls return at each break and push price back within the range.

Today's bearish 1-hour opening candle at $127.80 drop BCHUSD to $127.01 before the bulls returned it back to the range at $127.75.

Price is above the 10-EMA and the stochastic oscillator signal pointing up at 60% an indication of upward momentum in price within the range in the short-term.

$132.00 in the supply area is the upper price range while $127.20 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown from the lower demand area may occur hence patience is required for this to play out before taking a position.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: March 11, 2019

The medium nd short-term outlook is in consolidation.

Traders should exercise patience while trading the consolidation

BCH/USD Medium-term Trend: Ranging

Supply zones: $180, $200, $220

Demand zones: $50, $40, $30

BCHUSD remains in the range in its medium-term outlook. $135.50 was the high while $126.58 in the demand area was the low of the day during the weekend as the coin consolidates.

The bears sustained the momentum downward shortly after today’s opening session with a large bearish engulfing candle as the cryptocurrency as BCHUSD dropped to $127.02 in the demand area.

With price below the two EMAs and the stochastic oscillator signal pointing down, these is an indication of downward price movement within the range.

BCHUSD is in consolidation and trading between $135.35 in the upper supply area and at $125.35 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower area with a retest before a position is taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in a range-bound market in its short-term outlook. A breakdown due to the bears' pressure at the lower demand area of the range occurred on 8th March. BCHUSD dropped to $125.28.

The bullish pressure also led to breakout at the upper supply area of the range with the cryptocurrency making a high of the day at $135.50.

BCHUSD is back in the range with a retest at $127.20 in the lower demand area of the range as the bulls stage a return. This was confirmed by the stochastic oscillator signal pointing up at 20% in the oversold region.

$132.93 in the supply area is the upper price range while $127.20 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown from the lower demand area may occur hence patience is required for this to play out before taking a position.

Author: Azeez M

Bitcoin Cash (BCH) Daily Price Forecast: March 8, 2019

The medium and short-term outlook continues in a range-bound market.

Traders should be patient for a define trend after a breakout or price breakdown.

BCH/USD Medium-term Trend: Ranging

Supply zones: $180, $200, $220

Demand zones: $50, $40, $30

BCHUSD continues in the range in its medium-term outlook. $132.67 was the high while $129.17 in the demand area was the low of the day during yesterday session as the coin consolidates. The bears sustained the momentum downward with a further drop to $125.02 in the demand area after today's opening.

Exhaustion to the bear momentum is denoted with the wick in the candle. This suggests bulls gradual return within the range with confirmation from the stochastic oscillator whose signal points up at 40%

BCHUSD is in consolidation and trading between $135.35 in the upper supply area and at $125.35 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower area with a retest before a position is taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency remains in a range-bound market in its short-term outlook. The bears' sustained the downward journey during yesterday session. BCHUSD dropped to $129.13 in the demand area, this was the low of the day.

The bears successfully broke the lower demand area of the range at $127.20 shortly after today’s opening. The cryptocurrency dropped further down to $125.02 before exhaustion with the candle closing within the range.

$132.93 in the supply area is the upper price range while $127.20 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown from the lower demand area may occur hence patience is required for this to play out before taking a position.

Bitcoin Cash (BCH) Daily Price Forecast: March 6, 2019

The coin is back in consolidation.

Patience should be exercise for a define trend before taking a position.

BCH/USD Medium-term Trend: Ranging

Supply zones: $180, $200, $220

Demand zones: $50, $40, $30

BCHUSD is back in the range in its medium-term outlook. After successfully pushing price down to $120.36 in the demand area, the bearish pressure weakens. This area was a strong demand area because price was around here between 13-18th of February before taking an upward leap.

The bullish pressure retuned the cryptocurrency back in the range with a large engulfing candle as BCHUSD made a high of $132.96 in the supply area before the end of yesterday session.

Price is above the two EMAs while the stochastic oscillator signal points up at 83% in the overbought region, an indication of upward momentum within the range in the medium term may be witnessed.

BCHUSD is in consolidation and trading between $135.35 in the upper supply area and at $125.35 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower area with a retest before a position is taking a position.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in a range-bound market in its short-term outlook. The predicted bears' target at $120.00 in the demand area was narrowly missed on 4th March. The bears dropped the coin to $120.36 before exhaustion sets in and the bulls stage a strong comeback.

The breakout at the two EMAs coupled with the large bullish engulfing candle confirmed the bulls’ takeover. BCHUSD rose to $132.92 before the end yesterday. The bulls may maintain d a strong hold of the market as confirmed by the stochastic oscillator whose signal points up and price stays above the two EMAs.

$132.93 in the supply area is the upper price range while $127.20 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown from the lower demand area may occur hence patience is required for this to play out before taking a position.

Bitcoin Cash (BCH) Daily Price Forecast: March 4, 2019

The medium and short-term outlook is in a bearish trend.

Responsible selling may be consider.

BCH/USD Medium-term Trend: Bearish

Supply zones: $180, $200, $250

Demand zones: $50, $40, $30

BCHUSD is in a bearish trend in its medium-term outlook. The bears' pressure remained strong over the weekend at $132.75 in the supply area during yesterday session. Confirmation to the bears came after the break of the 10-EMA and BCHUSD dropped to $128.00 in the demand area before the end of yesterday session.

Today’s 4-hour opening candle was bearish at $128.91 an indication of sustained bearish pressure. The lower demand area of the range at $125.35 was broken due to the strong bearish pressure with a large engulfing candle.

BCHUSD dropped to $120.36 in the demand area. The journey downward may continue as the bearish pressure remained strong. This was further confirmed by the stochastic oscillator signal pointing down at 20%. This implies a downward momentum in price in the medium-term.

BCH/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bears were in control of the range but with the formation of the morning star confirmed the bears' takeover. The two EMAs were broken with a large bearish candle as BCHUSD dropped to $126.82 in the demand area shortly after opening.

The bears sustained the momentum as the lower demand area of the range at $127.20 was broken with a large bearish candle. The cryptocurrency dropped to $120.36 in the demand area.

The journey down south is continuing despite the brief pullback as a result of the bullish pinbar. A retest at $120.00 in the demand area may occur as the bearish pressure become strong in the short-term.

Bitcoin Cash (BCH) Daily Price Forecast: March 1, 2019

The medium and short-term outlook is in a range-bound market.

Traders should be patient for a breakout or breakdown before placing a trade.

BCH/USD Medium-term Trend: Ranging

Supply zones: $180, $200, $220

Demand zones: $70, $50, $30

BCHUSD is in a range-bound market in its medium-term outlook. The control of the market has been stiff between the bulls and the bears strong with $132.75 as the high of the day while $127.64 was the low of the day.

The bulls seem to prevail with today’s 4-hour opening candle closed as an inverted bullish hammer at $129.32. BCHUSD was up at $131.71 in the supply area above the 10-EMA.

The stochastic oscillator signal points up at 68% an indication of upward momentum within the range.

BCHUSD is in consolidation and trading between $136.75 in the upper supply area and at $125.35 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower area with a retest before a position is taking.

BCH/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. The tweezer top at $132.75 in the supply area signaled the bears' comeback. The cryptocurrency made a low at $127.64 in the demand area before the end of yesterday session.

The bulls had a comeback after today’s session indicated by the bullish candle formed after the gravestone doji of 1-hour open candle. BCHUSD rose to $131.18 above the to EMAs in the supply area as it continues in the range.

$135.00 in the supply area is the upper price range while $127.20 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown from the lower demand area may occur hence patience is required for this to play out before taking a position.

Bitcoin Cash (BCH) Technical Analysis: Feb 14, 2018

Latest Bitcoin Cash News

In the Philippines, virtual currency exchanges must obtain an operating license from the country’s central bank—the Bangko Sentral ng Pilipinas (BSP). Good news is, the country’s regulator is open to new and innovative technologies.

Read: Will the Opening of Bakkt Affect the Crypto Market as Much as We Anticipate?

Statistics indicate that by Nov 2018, the central bank had issued 40 provisional licenses to different businesses keen on operating virtual currency exchanges in line with Circular No. 944. This guidance was drafted after an initial warning by BSP on entities operating without a license back in 2014.

They have since warmed up to cryptocurrencies and their recent regulatory sandbox and consequent partnership with the Union Bank in launching a two-way cryptocurrency ATM is their show of intent. Although we are yet to know supported coins, the central bank is clear that their involvement is not in any way an endorsement of any cryptocurrency. In a statement, this is what Union Bank had to say:

“In the bank’s continued quest to cater to the evolving needs and tastes of customers, including clients who use virtual currency, the ATM will provide these clients an alternative channel to convert their pesos to virtual currency and vice versa”

Also Read: Kaspersky Lab Says Over 10% of People Have Made Online Purchases using Cryptocurrencies

In other news, CoinBase users can now back up their coin’s private keys in Google Drive or iCloud. The feature, CoinBase says in a Medium post, is a safeguard just in case there is a loss of the device or the owner loses their private keys.

BCH/USD Price Analysis

Back to price action and like the rest, BCH prices are tepid and uneventful. Aside from the conspicuous Feb 8, high volume, wide trade range bull bar, there is nothing much striking as far as BCH/USD price action is concerned.

The relative “calmness” means our previous trade conditions are still valid. Note that BCH prices are still oscillating within Feb 8 high low and the simple fact that this is a double bar bull reversal pattern spring off the 78.6 percent Fibonacci retracement line in a minor bull trend set in motion by upswings of mid-Dec 2018 translates to bulls.

This is regardless of the heavy sell pressure of the last few weeks which encouragingly have failed to breach the psychological $100 level. With hindsight, the more sellers fail to break below $100 and instead accumulate horizontally as they trade inside a tight trade range is bullish in an otherwise bear breakout pattern. Even so, we recommend patience. It is easy to see why.

BCH is ranging and a solid breakout above $135 will catalyze demand and that is what is needed to trigger participation. The immediate first target is $230 or Dec 2018 highs.

All Charts Courtesy of Trading View—CoinBase

Author: Dalmas N

Bitcoin Cash (BCH) Technical Analysis: Feb 7, 2018

Latest Bitcoin Cash News

Good news is the UK is opening up, allowing businesses to explore a nascent but rapidly expanding asset class in cryptocurrencies. And this was expected. After all, the UK and London to be exact are a financial epicenter laden with banks and all kinds of brokerage firms.

Read: CoinBase Announces Crypto Earning Opportunity Via Invitation To “Coinbase Earn BAT”

By allowing B2C2 to offer crypto derivatives in a contract for differences (CFDs) to potential institutional customers, the FCA is effectively allowing willing funds and other institutional grade customers to make leveraged bets on future prices of supported digital assets. This is beneficial and while it not only increases liquidity as the different type of traders are drawn into the market but businesses stand to reap big benefits from betting on further prices under a regulated environment.

Besides, these traders would get in and out of trades without the need of holding storing a wide variety of these tokens. The move comes days after the FCA released a Consultation paper on Crypto assets Guidance as the regulator provides additional guidance to the existing “regulatory parameter.”

Also Read: New Zealand’s Cryptopia Hack Sees $3.2 Million Liquidated Via These Crypto Exchanges

Christopher Woolard, executive director of Strategy and Competition said this about this:

“This is a small but growing market and we want both industry and consumers to be clear what is regulated, and what isn’t. This is vital if consumers are to know what protections they’ll benefit from and in ensuring we have a market functioning as it should.”

BCH/USD Price Analysis

Meanwhile, BCH prices are steady and up 3.5 percent in the last day meaning it is the third highest performer after Binance Coin—pumped by BTT listing and Litecoin gearing for privacy features. All the same, there is demand for BCH and unlike BTC which is literally struggling and on the brink of a total meltdown; there are hints of increasing demand especially in lower time frames.

Moving on, we shall take a neutral stand and until all the trade conditions laid out in previous BCH/USD trade conditions are met, BCH is temporarily bearish in a trend whose short-term trajectory points to bulls. As we can see from the chart, prices are finding support from around 61.8 percent and 78.6 percent Fibonacci retracement levels.

However, until after there are convincing, the high-volumes break above $135 minor resistance level, sellers are in control and we shall adopt a neutral stand as laid out in a previous analysis. It is easy to see why this is valid.

Gains above $135 validate gains of late Dec—early Jan 2019 gains and if typical retracement rules apply as Fibonacci dictates, then odds are BCH prices will retest $230—Dec 2018 highs from where the tool is anchored on. But there would be no better confirmation of this shift if prices don’t print above $135 minor, buy trigger line.

All Charts Courtesy of Trading View–CoinBase

Author: Dalmas N

Bitcoin Cash (BCH) Technical Analysis: Jan 31, 2019

Latest Bitcoin Cash News

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