- Bitcoin price price prediction expects a rise towards $530.
- Strong resistance currently lies at the $480 mark.
- Strong support currently lies at the $440 mark.
The Bitcoin Cash price prediction by Project Syndicate suggests the cryptocurrency will go long towards the $528 mark after completing its ongoing short entry. The analyst’s idea shows a Gartley bullish for the BCH/USD pair with a target price above the $540 level.
On the 21st of January, the Bitcoin Cash price observed continued bearishness where it fell to the $440 level. The crypto asset has been looking bearish over the past few days while it observed a fall of over $70 on the 20th and the 21st of January.
1-Day Bitcoin Cash price analysis
Bitcoin Cash price has been descending over the past two days. The cryptocurrency’s price has fallen towards the $440 level on the 21st of January. The BCH price approached the day’s high of $499.99, whereas the lowest price was $434.21. At the time of writing, Bitcoin Cash is priced at $452.23 with a market cap of $8,431,286,880.61.
The market sentiment for the BCH/USD pair shows a selling indication for the cryptocurrency. Out of 28 technicals, 10 are in the neutral zone, 10 in the selling indication, whereas eight are under a buy signal. Nine oscillators are neutral, while two are under a selling indication. We see eight moving averages in favor of a selling indication; one stands neutral, while eight are in the buying indication.
On the 1D time frame, BCH price has slipped below the midline of the Bollinger bands at $475. If the bearish momentum continues, the price should fall towards the $365 level, where the lower Bollinger band value is situated.
Bitcoin Cash price prediction: What to expect?
The Trading View analyst Project Syndicate suggests that the cryptocurrency’s price will enter a short-term position and fall towards the $442 to $425 range. The Bitcoin Cash price prediction shows that this range on the short position is a good buying zone for the long-term with a target price above $528.
The chart shows a Gartley bullish pattern played out on the 21st of January with a drop towards the $440 mark. The cryptocurrency is expected to see bulls after hitting the bottom of the setup at $425. The harmonic pattern is a bullish indicator, and the price should rise towards $528, with gains up to 25 percent likely. In this Bitcoin Cash price prediction, the analyst suggested buyers find an entry level between the $425 to $442 buy zone.
Analyst Mycotoxin believes that the BCH price targets the $822 and $1784 resistances up next. The Bitcoin Cash price prediction depicts a bullish asset if the cryptocurrency tests and breaks above the $582 level.
Trading View analyst Joker Bit believes that the BCH price broke out of a big falling trend line in Q4 2020. The analyst expects the cryptocurrency to follow an ascending curve and reach its new all-time high during 2021 and 2022. Per the Bitcoin Cash price prediction, the cryptocurrency should cross the $30000 level in this bullish long-term. The MACD looks bullish on the 1W time frame, with the RSI varying near the overbought region.