MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

BCH/USD Price Dips Below $500 Support

December 4, 2021
in Blockchain
Reading Time: 3 mins read
A A
BCH/USD Price Dips Below $500 Support
ShareShareShareShareShare

Bitcoin Cash Price Prediction – December 4

The Bitcoin Cash price prediction shows BCH plunging below the support of $480 as the coin ready for more downtrends.

BCH/USD Market

Key Levels:

Resistance levels: $580, $600, $620

Support levels: $300, $280, $260

BCHUSD – Daily Chart

BCH/USD is currently following a downtrend as the bears dominate the entire crypto market. At the time of writing, BCH/USD is hovering around the lower boundary of the channel after crossing below this channel during the European session today as the trend has a bearish inclination touching the support at $475. However, the technical indicator has remained bearish as the Relative Strength Index (14) aims to cross into the oversold region.

Bitcoin Cash Price Prediction: BCH Price Likely to Dig Dip

Looking at the daily chart, the Bitcoin Cash price is currently facing the downtrend while the bulls are making an attempt to defend the support level of $475 and focus on pulling towards the $500 level. However, BCH/USD is making an effort to push the price back above the lower boundary of the channel and it is also looking forward to reclaiming the ground past $530.

Meanwhile, if there is an increase in buying pressure, the price is likely to break above the 9-day and 21-day moving averages to reach the nearest resistance at $550. While trading at that level, a bullish continuation could reach the resistance levels of $580, $600, and $620 respectively. On the contrary, if the coin continues with the bearish movement, it may likely hit the supports at $300, $280, and $260 levels.

By comparing it with Bitcoin, the bears are seen keeping the price under the 9-day and 21-day moving averages. Meanwhile, according to the recent negative signs, the trend may continue to follow the downtrend in as much as the buyers failed to bring the price back above the upper boundary of the channel.

BCHBTC – Daily Chart

However, as the technical indicator Relative Strength Index (14) prepares to slide below 40-level, any further downtrend could lower the price to the support level of 850 SAT and below, but once it moves out of this zone, the market price may likely begin an upward trend to push the coin towards the resistance level of 1100 SAT and above.

Looking to buy or trade Bitcoin Cash (BCH) now? Invest at eToro!

68% of retail investor accounts lose money when trading CFDs with this provider

Read more:

Credit: Source link

ShareSendTweetPinShare
Previous Post

Virtual Land Adjacent to Snoop Dogg’s Sandbox Estate Sells for $450K in Ethereum – Blockchain Bitcoin News

Next Post

US SEC Charges Man With Defrauding Crypto Investors in Two Digital Asset Securities Offerings – Regulation Bitcoin News

Next Post
US SEC Charges Man With Defrauding Crypto Investors in Two Digital Asset Securities Offerings – Regulation Bitcoin News

US SEC Charges Man With Defrauding Crypto Investors in Two Digital Asset Securities Offerings – Regulation Bitcoin News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

South African Web3 Firm Fractionalizes Rare ZAR Proof Coins into NFTs

South African Web3 Firm Fractionalizes Rare ZAR Proof Coins into NFTs

August 9, 2022
California regulator issues a “cease and desist” order to Celsius

California regulator issues a “cease and desist” order to Celsius

August 10, 2022
Someone stole Cameo CEO’s Bored Ape NFT and Sold it for $130k

Someone stole Cameo CEO’s Bored Ape NFT and Sold it for $130k

August 8, 2022
XRP Price Prediction for August 10th: Ripple Is Trending Downwards

XRP Price Prediction for August 10th: Ripple Is Trending Downwards

August 10, 2022
Crypto Popularity to Spur Growth in Blockchain-Powered Banking, Financial Services

Crypto Popularity to Spur Growth in Blockchain-Powered Banking, Financial Services

August 10, 2022
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • Bank of England Analysts See Crypto Having Important Roles in the Metaverse — Discuss the Need for Regulation – Metaverse Bitcoin News
  • Crypto Broker Genesis Says Lending Business Declined in Q2
  • Hotbit Suspends Trading, Withdrawals amid Criminal Investigation

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 24,500.00 6.06%
  • ethereumEthereum (ETH) $ 1,884.97 10.98%
  • tetherTether (USDT) $ 1.00 0.1%
  • usd-coinUSD Coin (USDC) $ 1.00 0.15%
  • bnbBNB (BNB) $ 329.54 2.97%
  • xrpXRP (XRP) $ 0.380242 4.05%
  • cardanoCardano (ADA) $ 0.537980 4.76%
  • binance-usdBinance USD (BUSD) $ 0.999748 0.12%
  • solanaSolana (SOL) $ 44.34 11.04%
  • polkadotPolkadot (DOT) $ 9.40 7.64%
  • dogecoinDogecoin (DOGE) $ 0.071549 4.19%
  • avalanche-2Avalanche (AVAX) $ 29.62 6.64%
  • staked-etherLido Staked Ether (STETH) $ 1,825.29 11.41%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 3.25%
  • daiDai (DAI) $ 1.00 0.09%
  • matic-networkPolygon (MATIC) $ 0.938241 5.41%
  • tronTRON (TRX) $ 0.070763 2.95%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 24,493.00 5.96%
  • ethereum-classicEthereum Classic (ETC) $ 38.74 3.96%
  • okbOKB (OKB) $ 19.16 6.84%
  • leo-tokenLEO Token (LEO) $ 4.73 0.62%
  • nearNEAR Protocol (NEAR) $ 5.81 5.35%
  • litecoinLitecoin (LTC) $ 61.94 5.28%
  • ftx-tokenFTX (FTT) $ 32.12 8.51%
  • uniswapUniswap (UNI) $ 9.21 8.89%
  • chainlinkChainlink (LINK) $ 8.98 6.54%
  • crypto-com-chainCronos (CRO) $ 0.153703 5.81%
  • cosmosCosmos Hub (ATOM) $ 12.13 10.84%
  • stellarStellar (XLM) $ 0.126246 3.99%
  • flowFlow (FLOW) $ 3.03 5.4%
  • moneroMonero (XMR) $ 166.18 4.28%
  • bitcoin-cashBitcoin Cash (BCH) $ 143.59 6.98%
  • algorandAlgorand (ALGO) $ 0.367746 6.88%
  • vechainVeChain (VET) $ 0.032711 9.3%
  • filecoinFilecoin (FIL) $ 8.74 6.92%
  • apecoinApeCoin (APE) $ 7.11 4.71%
  • internet-computerInternet Computer (ICP) $ 8.45 8.59%
  • decentralandDecentraland (MANA) $ 1.08 5.17%
  • chain-2Chain (XCN) $ 0.087820 2.04%
  • hedera-hashgraphHedera (HBAR) $ 0.079966 6.17%
  • tezosTezos (XTZ) $ 1.94 8.51%
  • quant-networkQuant (QNT) $ 128.85 4.64%
  • the-sandboxThe Sandbox (SAND) $ 1.34 4.24%
  • axie-infinityAxie Infinity (AXS) $ 18.77 5.69%
  • theta-tokenTheta Network (THETA) $ 1.61 4.76%
  • elrond-erd-2Elrond (EGLD) $ 68.17 9.99%
  • aaveAave (AAVE) $ 110.48 12.38%
  • lido-daoLido DAO (LDO) $ 2.74 17.04%
  • fraxFrax (FRAX) $ 1.00 1.78%
  • eosEOS (EOS) $ 1.30 9.45%