Bitcoin Cash price prediction
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Buyers have managed to maintain Bitcoin Cash BCH $535.99 above the resistance line, signaling buying on dips.
BCH/USDT daily chart. Source: Cointelegraph/TradingViewThe 20-day EMA ($523) has started to turn up, and the RSI is just above the midpoint, indicating a slight advantage to the buyers. The bulls will have to propel the Bitcoin Cash price above $568 to start a new up move to $580 and then to $606.
Contrary to this assumption, if the price turns down and breaks below the moving averages, it indicates that the market has rejected the breakout from the falling wedge pattern. The bears will then attempt to sink the BCH/USDT pair to the vital support of $443.
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BCH momentum looks steady—key levels will decide the next breakout.
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If volume picks up, BCH could surprise everyone short-term.