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Cryptopolitan 2021-09-07 02:48:13

Bitcoin cash price analysis: Bullish momentum stabilizes, as BCH crosses $782

TL;DR Breakdown Bitcoin cash price analysis reveals price levels are reaching new heights.Coin value has increased up to $783.Strong support is present at $667.3 of level. The Bitcoin cash price analysis is indicating a rise in the price levels commencing from the past few hours. The last hours have seen a considerable comeback from the bulls which was made impossible by the bears to stand for long. Like so, the bullish streak has been continuous and strong enough to take the price levels to $782.67 of value. Further analysis shows that the support is strong enough for the price levels to push past the $783 hurdle in the future as well. BCH/USD 1-day price chart: Bullish momentum keeps rising on loop, price remains above $781 The 1-day Bitcoin cash price analysis shows a commendable rise in the price value today if a comparison is made with the past week. The bullish curve has become relatively steady as the BCH value has increased to meet the $781.5 level. The momentum has been huge as the price has even crossed the Moving Average (MA) value which is currently standing at $691.02. Moreover, as the volatility is increasing, the Bollinger bands average has become $670.50. BCH/USD 1-day price chart. Source: TradingView The expansion between the Bollinger bands has resulted in its upper value reaching the $757 value and the lower value reaching the $584.3 value. Lastly, the Relative Strength Index (RSI) score has seen a remarkab...

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