Bitcoin Cash Price Prediction – April 4
The Bitcoin Cash price prediction shows BCH moving within the channel at the lowest price in the past few weeks.
Resistance levels: $430, $450, $470
Support levels: $330, $310, $290
Looking at the entire market, most of the major coins of the crypto market have been recording losses and the crypto market has been moving in reds. Similarly, BCH/USD crashes down today to touch the daily low at $368.31. However, the Bitcoin Cash price is having more inversely trading red candles than green candles.
Bitcoin Cash Price Prediction: Bitcoin Cash (BCH) May Consolidate
The Bitcoin Cash price continues to move sideways, and it could drop below the 9-day and 21-day moving averages. BCH/USD has been unable to hold the volatility; the coin is trading around the resistance level of $375, recording a slight gain of 0.94% as the technical indicator Relative Strength Index (14) stays above the 60-level.
However, BCH/USD may cross above the upper boundary of the channel, but if the market price drops below the current market value of $375.97, the coin could slump to the support levels of $330, $310, and $290, bringing the price to a new monthly low. Meanwhile, a strong buying pressure could push the price to cross the upper boundary of the channel. While trading above this barrier, a bullish continuation is likely to touch the $430, $450, and $470 resistance levels.
Compared with Bitcoin, the Bitcoin Cash price is very low due to a bearish scenario which is causing the market to fall slightly. However, as the price falls, sellers may pose an additional threat for the market to cross below the 9-day and 21-day moving averages. However, an eventual break below this barrier may cause the coin to collapse more.
From the upside, the resistance level of 900 SAT and above is likely to play out if the coin crosses above the upper boundary of the channel. Therefore, a negative spike could drag the coin to the support level of 700 SAT and below as the technical indicator Relative Strength Index (14) remains below the 60-level.
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