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Bitcoin Cash price prediction
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Buyers successfully defended the 50-day SMA ($535) in Bitcoin Cash BCH $605.99, indicating a positive sentiment.
BCH/USDT daily chart. Source: Cointelegraph/TradingView
The bulls will try to strengthen their position by pushing the Bitcoin Cash price above the $615 resistance. If they manage to do that, the BCH/USDT pair could resume the up move. The pair could rally to $651 and thereafter to $720.Conversely, if the price turns down sharply from $615 and dips below the 50-day SMA, it suggests that the pair could consolidate inside the large range between $443 and $615 for a few days.
