Bitcoin Cash Price Forecast: BCH / USD Forced Crashes; The price will go below $ 500

BCH Price Forecast – March 28 BCH / USD is trading at the lowest price in the last 10 days as the currency hovers in strong sell territory. Key BCH / USD Market Levels: Resistance Levels: $ 550, $ 570, $ 590 Support Levels: $ 450, $ 430, $ 410 BCHUSD – Daily Chart For a few days, most of the major market coins in crypto have suffered losses for a while. Likewise, the BCH / USD price is narrowing further as it is currently trading at $ 498.50. The price trend of BCH is that the red candles are traded more reversely, leading to loss-making investments. What to expect from BCH If we analyze the daily movement of BCH / USD over the past 10 days, we see that the coin continues to fall from $ 498.50 and then hit a high. A few days ago. BCH / USD could not continue to fluctuate; The downtrend caused cryptocurrencies to trade below $ 500, down 0.42% as the RSI (14) moved at 45. However, BCH / USD is changing hands at $ 498.50, and if the market price continues to decline, the coin could drop to the $ 450, $ 430 and $ 410 support levels, pushing the price to a new monthly low. Meanwhile, strong buying pressure could push the price above the 9-day and 21-day moving averages. When trading above the channel, the continuation of the bullish should reach the $ 550, $ 570 and $ 590 resistance levels. Compared to Bitcoin, BCH's performance was very weak due to the recurring bearish sentiment that caused the market to drop dramatically. As the price drops, sellers pose an additional threat to buyers reaching the 0.086 BTC support level where they are the closest target. However, any break below the channel can cause the part to collapse further. BCHBTC – Daily Chart 0.010 BTC and above for positive gains are the current main resistance levels of the currency. Therefore, a negative increase could retest the key support at 00,008 BTC and below. Transaction volume Read more

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