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Cryptopolitan 2021-08-24 05:08:40

Bitcoin Cash Price Analysis: Bullish BCH uptrend could gain momentum and close above $700

TL;DR Breakdown Bitcoin Cash price analysis is bullish for today.,BCH/USD  traded between a high-volatility daily range on the 24 hours chartOn the 4-hour Bitcoin Cash price analysis, BCH/USD is breaking out of the $670 minor barrier  Bitcoin Cash price analysis is bullish for today as the market has established another higher low yesterday and currently builds momentum for a spike above $650. Therefore, we expect BCH/USD to rally to the next resistance at $700 later this week. The bulls already worked hard last week to beat resistance at the 20-day EMA at $630.  The digital currencies market traded bullishly strong in the last 24 hours, with Bitcoin breaking the $50K barrier, Binance Coin hitting $500, and Cardano touching the $2.9 resistance line. Meanwhile, we anticipate that the market will continue rising, and the bulls will keep pushing higher.  BCH/USD 1-day price chart: Increasing trading activity on the daily chart BCH/USD  traded between a high-volatility daily range on the 24 hours chart $665.57 – $681.02. Furthermore, daily total trading volumes increased by 14 percent to $2,555,609,482. Meanwhile, the Bitcoin Cash market capitalization dropped by 2.7 percent to $12.650 billion.  4-hour Bitcoin Cash price analysis: Buyers targeting $714  On the 4-hour Bitcoin Cash price analysis, BCH/USD is breaking out of the $670 minor barrier and heading towards the daily high at $681.&n...

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