Bitcoin Cash Price Prediction for Today, November 22 – BCH Technical Analysis

The Bitcoin Cash price prediction reveals that BCH may begin to form higher as the bears lose grip over the coin.

Bitcoin Cash Prediction Statistics Data:

Bitcoin Cash price now – $233.91
Bitcoin Cash market cap – $4.2 billion
Bitcoin Cash circulating supply – 19.5 million
Bitcoin Cash CoinMarketCap ranking – #20

BCH/USD Market

Key Levels:

Resistance levels: $255, $260, $265

Support levels: $205, $200, $195

BCH/USD is attempting to cross above the 21-day moving average while the $225.7 support level remains the critical support where the price has been holding for some time now. However, since a few days ago, BCH/USD has been trading below the 9-day and 21-day moving averages and this refrains the coin from touching the resistance level of $240.

Bitcoin Cash Price Prediction: Will Bitcoin Cash Move Higher?

The Bitcoin Cash price may begin to rise and could probably cross above the upper boundary of the channel if the bulls defend the $225.7 support level. However, any further bullish movement near the channel may hit the potential resistance levels of $255, $260, and $265.

However, this technical prediction may be invalidated if the bears break and slide below the lower boundary of the channel, any further bearish movement may reach the support levels of $205, $200, and $195. Moreover, the 9-day MA is still below the 21-day MA suggesting the possible bearish movement in the market.

BCH/BTC Goes Bearishly

Against Bitcoin, the Bitcoin Cash price is attempting to cross above the 9-day and 21-day moving averages with a major resistance level at 650 SAT. Meanwhile, the long-term moving averages may likely keep the bullish movement as the market is starting a new trend if it crosses above the 21-day moving average.

However, if the buyers could push the price to the upside, higher resistance could be located at 735 SAT and above. Moreover, should the bulls fail to move the current market value above the moving averages, bears may step into the market, and the nearest support level could be located at 510 SAT and below.

Bitcoin Cash Alternatives

The Bullish momentum takes control of Bitcoin Cash as the coin aims to surpass both the 9-day and 21-day moving averages. The potential for sustained upward movement suggests a possible retest of the previously breached resistance level at $236. Furthermore, a bullish signal is anticipated as the 9-day moving average is poised to cross above the 21-day moving average, adding to the positive market sentiment.

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