• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    XRP

    XRP will exist forever – Brad Garlinghouse

    Uniswap price prediction

    Uniswap price prediction: Uniswap breaks $33, sets a new all-time high

    chainlink(LINK)

    Chainlink Price Prediction: Chainlink (LINK) battles $28 and $30 supports

    Litecoin’s Price stuck within selling pressure zone

    Litecoin Price Prediction: Litecoin’s price stuck at selling pressure Near $180 Support

    Cryptocurrency interest

    Cryptocurrency Interest: 40% of Goldman Sach’s clients have crypto exposure, survey

    Soulja Boy

    Soulja Boy sells his tweets as NFT

    ETH Price Forecast

    ETH Price Forecast: Ethereum on the verge of a 24% price upsurge

    Bitcoin price

    Bitcoin price fails to sustain bounce

    Sushiswap contract

    Sushiswap contract launches on 5 different networks

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    XRP

    XRP will exist forever – Brad Garlinghouse

    Uniswap price prediction

    Uniswap price prediction: Uniswap breaks $33, sets a new all-time high

    chainlink(LINK)

    Chainlink Price Prediction: Chainlink (LINK) battles $28 and $30 supports

    Litecoin’s Price stuck within selling pressure zone

    Litecoin Price Prediction: Litecoin’s price stuck at selling pressure Near $180 Support

    Cryptocurrency interest

    Cryptocurrency Interest: 40% of Goldman Sach’s clients have crypto exposure, survey

    Soulja Boy

    Soulja Boy sells his tweets as NFT

    ETH Price Forecast

    ETH Price Forecast: Ethereum on the verge of a 24% price upsurge

    Bitcoin price

    Bitcoin price fails to sustain bounce

    Sushiswap contract

    Sushiswap contract launches on 5 different networks

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Bitcoin Cash News

Bitcoin Cash price prediction: BCH to rise to $340, analyst

Taha Farooqui by Taha Farooqui
October 23, 2020
in Bitcoin Cash News
4 min read
Bitcoin Cash price prediction: BCH to rise to $340, analyst
586
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Bitcoin cash price prediction expects a rise to $340.
  • BCH finds strong support at

The Bitcoin Cash price prediction by Zil suggests that the cryptocurrency will soon rise towards the $341 mark, after breaking above a descending triangle pattern. The BCH price line observed jagged movements during the day.

1-Day Bitcoin Cash price analysis

Bitcoin Cash price chart 1 - 23 October
Bitcoin Cash price prediction chart by Trading View

The cryptocurrency traded within the $264 to $276 range on the 23rd of October. The price approached a day’s high of $276.21 and fell to a day’s low of $264.17 during the 24-hour trade.

Bitcoin Cash price prediction: Where is BCH headed?

Bitcoin Cash has formed a huge triangle pattern on the weekly chart. The Trading View analyst Hossein Mansouri believes that the cryptocurrency is close to seeing an upward breakout, and that may lead the cryptocurrency to greater highs.

RelatedPosts

Bitcoin Cash price prediction: BCH to $435 next, analyst

Bitcoin Cash price prediction: BCH to retest $528, analyst

Bitcoin Cash price prediction: BCH correcting to $460, analyst

Bitcoin Cash price prediction: BCH to hit $600 again, analyst

Bitcoin Cash price chart 2 - 23 October
Bitcoin Cash price prediction chart by Trading View

The Relative Strength Index (RSI) was recorded near 55.00. The technical indicator appears to be heading upwards, and the cryptocurrency’s trade volume and price volatility have decreased greatly. This usually indicates an upcoming breakout. A break about the falling trendline will be followed by a retest of the broken trend, per the analyst’s idea.

If we look at the chart above, the price has been supported by a continuous ascending trendline from the end of 2018. This big pattern began forming by the end of 2017 when the cryptocurrency began its long-lasting descent.

The Trading View analyst Zil drew another descending triangle on the daily time frame for the BCHUSD trading pair. The price appears to be testing the falling resistance near the $270 mark.

Bitcoin Cash price chart 3 - 23 October
Bitcoin Cash price prediction chart by Trading View

Per the analyst, the crypto will soon break out of the triangle and move towards the $341.48 sell to take a profit mark. The stop-loss order was placed at $241.55. This means that if the price retests the then broken trend line and falls towards the stop-loss, then this order will be invalidated, and the traders are suggested to sell the asset at that point.

Bitcoin Cash to break above falling trendline

The Trading View analyst Yoma sketched a long descending trend line for BCHUSD on the weekly chart. The price appears to be testing the falling resistance now.

Bitcoin Cash price chart 4 - 23 October
Bitcoin Cash price prediction chart by Trading View

The falling trend line started back in January 2020. If BCH gains enough momentum to break above the descending trendline, the price is expected to rise towards the $375 mark, and then the $452 take profit.

Bitcoin Cash price chart 5 - 23 October
Bitcoin Cash price prediction chart by Trading View

The Moving Average Convergence Divergence (MACD) line has moved below the signal line; the histogram size appears to be decreasing in the negative region. The Relative Strength Index (RSI) closed at 60.04, the neutral region for the currency. Near 5:15 GMT, the RSI rose to a day’s high above 87.00. During the time, the coin was overbought. The lower Bollinger Band supported the price near writing, while the midline acts as the support.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related Posts

Bitcoin Cash price prediction_ BCH to $435 next, analyst
Bitcoin Cash News

Bitcoin Cash price prediction: BCH to $435 next, analyst

February 2, 2021
Bitcoin Cash price prediction BCH to retest $528, analyst
Bitcoin Cash News

Bitcoin Cash price prediction: BCH to retest $528, analyst

January 21, 2021
Bitcoin Cash price prediction BCH correcting to $460, analyst
Bitcoin Cash News

Bitcoin Cash price prediction: BCH correcting to $460, analyst

January 20, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

XRP

XRP will exist forever – Brad Garlinghouse

March 8, 2021
Uniswap price prediction

Uniswap price prediction: Uniswap breaks $33, sets a new all-time high

March 8, 2021
chainlink(LINK)

Chainlink Price Prediction: Chainlink (LINK) battles $28 and $30 supports

March 8, 2021
Litecoin’s Price stuck within selling pressure zone

Litecoin Price Prediction: Litecoin’s price stuck at selling pressure Near $180 Support

March 8, 2021
Cryptocurrency interest

Cryptocurrency Interest: 40% of Goldman Sach’s clients have crypto exposure, survey

March 8, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.