logo

Bitcoin Cash price sees bulls towards $242

Bitcoin Cash price sees bulls towards

The Bitcoin Cash price turned bullish on the 22nd of June and moved past the $242 level. Guapeva is a TradingView analyst who believes that the BCHUSD pair is forming an ascending triangle pattern on the charts.

1-Day Bitcoin Cash price analysis (22nd June)

Bitcoin Cash price 1 - 22 June

Bitcoin Cash Price Chart by Trading View

On the 22nd of June, the BCHUSD pair saw a gradual increase across the $242 level. At the time of writing, Bitcoin Cash traded at $242.14 US Dollars. For its day’s high, the cryptocurrency stated at

The Relative Strength Index (RSI) rose to a high of 83.79 at the beginning of the 22nd of June. Such a high value of the RSI indicator means that Bitcoin Cash was overbought at the time.

Bitcoin Cash price movement; uptrend next?

Guapeva is a TradingView analyst who has highlighted an ascending triangle on the BCHUSD pair’s daily chart. As per the idea, the cryptocurrency will see an uptrend in the near future.

Bitcoin Cash price chart by Trading View Bitcoin Cash price 2 - 22 June

The rising triangle pattern was observed forming on the BCHUSD charts from the 16th of March. On the 22nd of June, the analyst highlighted that the cryptocurrency might jump towards the upper boundary of the rising triangle.

The analyst suggests that even though the price rests near the bottom of the change, the cryptocurrency will still see an uptrend towards the upper boundary of the channel. If this idea plays out, then Bitcoin Cash is expected to gain a profit of 14%.

Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.

[wp-faq-schema title="FAQs" accordion=1]
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 News

Hot Stories

Can the Web3 market hit $80 billion by 2030?
Solana price analysis: SOL declines in value to $33.7 after strong bearish trend
Contentos Vietnamese blockchain community launches NFT collection with the support of Contentos Foundation
NEO Price Prediction 2022-2031: Is it Good to Invest in NEO now?
HBAR Price Prediction 2022-2031: Hedera Hashgraph Soon to Retest its ATH?

Follow Us

Industry News

Can the Web3 market hit $80 billion by 2030?
NiceHash Launches First Solo Mining Hashpower Exchange Service to Help Struggling Crypto Miners
US Job openings fall by 6.2% - What does this mean for the crypto market?
Here are all the Three Arrows Capital NFT collection details on the verge of liquidation
Did authorities freeze Do Kwon's assets?