Bitcoin Cash Price Prediction – January 15
The Bitcoin Cash price prediction shows that BCH price remains above the 9-day moving average, continuing its bullish trend.
BCH/USD Market
Key Levels:
Resistance levels: $450, $470, $490
Support levels: $320, $300, $280
BCHUSD – Daily Chart
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BCH/USD is currently trading at $392.68 after starting trading at $385.63 and may consolidate within the channel. Meanwhile, a failure to hold above $400 could undermine the long-term technical picture of the currency. However, Bitcoin Cash will have to return to this level to resist the downward pressure, while the nearest support is located at $350, which may be the daily low.
Bitcoin Cash Price Prediction: Bitcoin Cash Could Head Towards the Upside
Bitcoin Cash price has recovered above the 9-day moving average, but the downward movement could lead the coin to the support levels of $320, $300, and $280. Currently, BCH/USD is trading at $392.68 and remains above the 9-day moving average, but has not yet broken out of the upper boundary of the channel. On the upside, a sustained breakout of the channel could provide more momentum to the bulls, focusing on pushing the market to the next resistance levels located at $450, $470, and $490.
However, the technical indicator Relative Strength Index (14) has crossed above 40, suggesting that the market is still in an uptrend. From the daily chart, support may need to form around $380 and $360 to provide tight protection, which may allow buyers to focus more on driving the market upward.
Compared to Bitcoin, BCH price is hovering between the 9-day and 21-day moving averages, and buyers may push it upward and develop towards the upper boundary of the channel, while the technical indicator Relative Strength Index (14) crosses above the 45 level.
BCHBTC – Daily Chart
However, if the bulls succeed in breaking above the 21-day moving average, the BCH price could reach the potential resistance level of 950 SAT and above. Conversely, if the price breaks below the 9-day moving average, it could fall back to the support level of 850 SAT and below.
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