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Cryptopolitan 2021-08-17 13:52:31

Bitcoin Cash price analysis: BCH soaring above $650 despite pull backs

TL;DR Breakdown Bitcoin cash price analysis shows steady movement above $650.BCH trying to find strong support above the $680 mark to test $700.Strong support is currently holding the price despite pull backs. Bitcoin cash price analysis shows the shadow king of cryptocurrency is enjoying steady highs above the $680 mark for the past three days. Although there have been bearish pullbacks, Bitcoin Cash’s price managed to find strong support to sustain above the said mark. Bitcoin price analysis: BCH price remains bullish in past 24 hours Bitcoin price analysis on the one-day candlesticks chart reveals that the cryptocurrency is largely bullish while the volatility is decreasing. The upper Bollinger bands value is stable at the $705 mark, serving as the strongest resistance mark. While the lower Bollinger bands value is at the $479 mark, marking the strongest support for the BCH/USD pair. BCH/USD price chart. Source: Trading View The relative strength index is showing that the BCH/USD pair was slightly over-bought in the past few days, but in the past 24-hours, it has been well within the normal range under 70. The moving average support is found at the $646 mark, while the Bollinger bands’ support is found at the $592 mark favoring the current bullish momentum for BCH. BCH/USD price on 4 hours candlestick chart confirms bullish momentum Bitcoin cash price analysis on the four hours candlestick chart further confirm...

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