Bitcoin Cash price prediction; getting back up from $340

Bitcoin Cash (BCH) price has recently suffered a crash on the crypto market and its price experienced a sharp correction against the US dollar while it was rallying towards the four fifty dollars ($450) mark.

The trading price of bitcoin cash had broken numerous levels like that of four hundred dollars ($400) and four twenty dollars ($420). It has also tried out the levels of three forty dollars ($340).

Major market momentum is in sight if the support levels hit near the three thirty-eight dollars ($338). The trading price of bitcoin cash is stable near the three hundred and forty dollars ($340) and three thirty dollars ($330) and it is expected to recover soon.

Bitcoin cash had just hit the four hundred and fifty dollars ($450) resistance levels and crashed against the US dollar. It did try out the support levels near three hundred and forty dollars ($340) and is expected to recover soon.

Bitcoin cash was doing relatively good this week and its prices were hovering near four hundred dollars ($400) and three hundred and eighty dollars ($380).

Bitcoin Cash price prediction; getting back up from $340 2Bitcoin Cash (BCH) price chart by Trading View

Bitcoin cash and the US dollar pair breached the four hundred and twenty-five dollars ($425) resistance levels along with the fifty-five (55) simple moving average (SMA).

Bitcoin cash’s prices hovered near the four hundred and fifty dollars ($450) mark and also hit a little above it marking that price to be the all-time high price level of this year.

It was later met with a sharp correction near the four hundred and twenty-five dollars ($425) and four hundred and ten dollars ($410) levels.

The trend continued, landing Bitcoin Cash price at three hundred and sixty-four dollars ($364). After this, the support levels and the simple moving average worked as a strong buy zone.

A strong support level is found near the three hundred and thirty-eight dollars ($338) and three hundred and forty dollars ($340) levels.

This indicates that the price and it is expected to recover after hitting near the three hundred and sixty dollars ($360) mark.