The Bitcoin Cash price line headed across the $241.00 level on the 3rd of April while it traded between the $231.00 and $243.00 levels on the price chart. Allmypips is a TradingView analyst who suggested that the coin holds a critical point near $236, as the BCHUSD pair may fall to $135 or rise to $420.
1-Day Bitcoin Cash Price Analysis (3rd April)
The BCHUSD pair approached its price target across the $241.00 mark where it reached a day’s high of $242.160546 US Dollars on the 3rd of April. The coin met a bearish movement after midday and the price lowered down to the $235 mark. The approached the $236.00 level where it closed the day’s trade. The price level appears to be a critical point for the cryptocurrency’s upcoming price trend.
Bitcoin Cash: what’s next?
The crypto analyst believes that BCHUSD could reach for $420, or even fall to the $135 mark after completing its current trajectory, where $236 remains as a critical point. Allmypips stated that if BTC holds 7K, and then the next level resistance at 9K, the BCHUSD pair will follow by moving up to $310, which may follow another hard pump to $420.
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Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.