Bitcoin Cash (BCH/USD) Value Pumps up to Briefly Touch past $1,600 Higher Level
Bitcoin Cash Price Prediction – May 7
The market valuation of BCH/USD has seen a sharp increase on May 5th day’s trading session while the price briefly traded past a new all-time high value of $1,600.
Currently, the market appears facing a correctional movement to trade at an about reduction of 8%.
BCH/USD Market
Key Levels:
Resistance levels: $1,500, $1,700, $1,900
Support levels: $1,200, $1,100, $1,000
The BCH/USD market’s line at $1,000, having experienced a short line of candlesticks denoting price rejection has eventually lost to an emergence of a long bullish candlestick pushing the crypto’s value to an amazing higher point. The 14-day SMA trend-line is now situated closely below the support of $1,000 level as the 50-day SMA indicator is around the support level of...
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