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Cryptopolitan 2021-09-22 02:22:17

Bitcoin Cash price analysis: BCH/USD is bullish in the next 24 hours

TL;DR Breakdown The Bitcoin Cash price analysis is bullish.BCH/USD is trading at $520.BCH is set to break $600 once again. The price of Bitcoin cash is now in a strong position, and we anticipate more setbacks to be followed with greater advances. Following today’s new lows for the long-term trend, which occurred at $496 rapidly, the long-term bearish trend will continue. We expect SOL/USD to rebound following such a significant decline after such a severe drop. On the five-day Bitcoin cash price analysis chart, the coin traded in a range of between $490-$690, Suggesting that many activities are going on in the market, hence the high volatility. In addition, the 20-day Moving Average crosses the 50-day Moving Average, implying that the coin is bullish at the time. However, the long-term MA did not cross over the short-term Moving Average, meaning that the buyers took control of the market in most trading sessions. BCH/USD experienced a sharp drop yesterday afternoon, dropping from $495 to around $400. BCH/USD retraced 61.8% of the previous move during this price action before establishing a higher low at around $380. However, there wasn’t much trading activity. Cryptocurrency heat map. Source: Coin360 The two most significant digital assets are trading in losses as the sellers control the entire cryptocurrency space leading to price dips. Bitcoin is down by -2.03 percent, while ETH has dropped by -5.21 percent. Other altcoins...

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