• 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
    TaxBit

    TaxBit receives investment funds from PayPal and Coinbase

    Cardano price prediction_ ADA to retest $0.35, analyst

    Cardano price prediction: ADA to retest $0.35, analyst

    Crypto market cap

    Crypto market cap reaches ATH: crosses $1 Trillion

    Litecoin price prediction_ LTC to $180, analyst

    Litecoin price prediction: LTC to $180, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Ripple

    Ripple can serve as a bridge between CBDCs

    Bitcoin Cash price prediction: BCH looks to hit $266, analyst 1

    Conversation with Norbert Goffa – Сo-founder of ILCOIN – about the cryptocurrency market, trends and vision

    Ethereum price analysis – ETHUSD blasts past $1,200 as the euphoria takes over

    Ethereum price analysis – ETH/USD blasts past $1,200 as the euphoria takes over

    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
  • 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
    TaxBit

    TaxBit receives investment funds from PayPal and Coinbase

    Cardano price prediction_ ADA to retest $0.35, analyst

    Cardano price prediction: ADA to retest $0.35, analyst

    Crypto market cap

    Crypto market cap reaches ATH: crosses $1 Trillion

    Litecoin price prediction_ LTC to $180, analyst

    Litecoin price prediction: LTC to $180, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Ripple

    Ripple can serve as a bridge between CBDCs

    Bitcoin Cash price prediction: BCH looks to hit $266, analyst 2

    Conversation with Norbert Goffa – Сo-founder of ILCOIN – about the cryptocurrency market, trends and vision

    Ethereum price analysis – ETHUSD blasts past $1,200 as the euphoria takes over

    Ethereum price analysis – ETH/USD blasts past $1,200 as the euphoria takes over

    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
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Bitcoin Cash News

Bitcoin Cash price prediction: BCH looks to hit $266, analyst

Taha Farooqui by Taha Farooqui
October 17, 2020
in Bitcoin Cash News
4 min read
Bitcoin Cash price prediction: BCH looks to hit $266, analyst
586
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Bitcoin cash price predictions expect a rise in the price to $266.
  • Increased market volatility affecting BCH and other cryptocurrencies.
  • BCH finds strong support at the $246 mark.

Bitcoin Cash turned bearish and exhibited a fall of about 7 percent in its price on the 16th of October. The Bitcoin Cash price prediction by Flytheus suggests that the cryptocurrency will soon move towards the $266 level. The price line stabilized near the $250 mark for the rest of the 24-hour trade.

1-Day Bitcoin Cash price analysis

Bitcoin Cash price prediction: BCH looks to hit $266, analyst 3
Bitcoin Cash price prediction chart by Trading View

An abrupt fall can be seen in the chart above at the beginning of the 16th of October. The cryptocurrency traded above the $266 mark before the market turned bearish and resulted in a fall. Bitcoin Cash traded at $248.91 at the time of writing.

RelatedPosts

Bitcoin Cash price prediction: BCH to break above $480, analyst

Bitcoin Cash price prediction: BCH rises above $400, what to expect?

Bitcoin Cash price prediction: BCH to hit $375 resistance next, analyst

Bitcoin Cash price back above $300, what’s next for BCH?

Bitcoin Cash price prediction: Where is BCH headed?

If we look at the BCH chart below, the coin seems to be forming a set of ascending wave patterns. The horizontal level at $212.38 supports this Bitcoin Cash wave structure.

Bitcoin Cash price chart 2 - 16 October
Bitcoin Cash price prediction chart by Trading View

Two patterns were highlighted on the charts. The first one began on the 6th of October and was completed on the 16th of October when the price hit $265. The secondary pattern will complete when the price observes a correction towards $244, which should then be followed by a price reversal trend that should lead the price across the $275 level, which is also where the target price for this trade lies.

Project Syndicate believes that BCH has recently run into an opportunity to short. The short-selling position for any asset is opened whenever the asset is expected to decrease in value.

Bitcoin Cash price chart 3 - 16 October
Bitcoin Cash price prediction chart by Trading View

The analyst stated that the setup is for an expected price correction, and the target price for Bitcoin Cash is set with 30% gains. This is also a swing trade setup, and the price was expected to hit the $265 mark first. On the 15th of October, the cryptocurrency moved past $260. Now the price is expected to fall towards the $185 mark.

Bitcoin Cash price prediction: Rise to $266 next?

The cryptocurrency was well supported by the $201 mark ever since it fell on the 3rd of September. The price maintained the $201.51 to $240.38 range until the cryptocurrency broke towards the upside on the 13th of October.

Bitcoin Cash price chart 4 - 16 October
Bitcoin Cash price prediction chart by Trading View

Currently, the target price for this trade is $266.44. If Bitcoin Cash forms support above this mark, it will gradually move towards the $280.69 resistance, which will then be followed by $353.13.

An ascending triangle seems to be forming on the weekly time frame for BCH, and the cryptocurrency is expected to test the key resistance level at $630.

Bitcoin Cash price chart 5 - 16 October
Bitcoin Cash price prediction chart by Trading View

The price has been testing this resistance since 2019, and now the price volatility has relatively decreased. This means that the cryptocurrency will eventually break above this key resistance and rise to higher resistances. The analyst highlighted another triangle on top of this one, and it may allow the cryptocurrency to rise towards $2950. A break above the higher resistance of that triangle can allow an uptrend towards $11800.

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 break above $480, analyst
Bitcoin Cash News

Bitcoin Cash price prediction: BCH to break above $480, analyst

January 4, 2021
Bitcoin Cash price prediction: BCH rises above $400, what to expect?
Bitcoin Cash News

Bitcoin Cash price prediction: BCH rises above $400, what to expect?

January 3, 2021
Bitcoin Cash price prediction: BCH to hit $375 resistance next, analyst
Bitcoin Cash News

Bitcoin Cash price prediction: BCH to hit $375 resistance next, analyst

December 31, 2020

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

TaxBit

TaxBit receives investment funds from PayPal and Coinbase

January 7, 2021
Cardano price prediction_ ADA to retest $0.35, analyst

Cardano price prediction: ADA to retest $0.35, analyst

January 7, 2021
Crypto market cap

Crypto market cap reaches ATH: crosses $1 Trillion

January 7, 2021
Litecoin price prediction_ LTC to $180, analyst

Litecoin price prediction: LTC to $180, analyst

January 7, 2021
Ripple price prediction: Rise to $0.45 ahead, analyst

Ripple price prediction: Rise to $0.45 ahead, analyst

January 7, 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 4

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.

© 2020 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
  • 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.