• info@parsalandco.com
  • +989124000464
  • +989127093613
  • Home
  • Startups
  • Departments
    • Application Software Department
    • Architecture Department
    • Construction Department
    • Cryptocurrency Department
    • Decoration Department
    • Digital Investment Department
    • E-Commerce Department
    • Electronic Department
    • Energy Saving Department
    • Health Department
    • IOT Department
    • Mechanical Department
  • Top Projects
    • Green Power Generator
    • Green Marketing
    • Smart Animal Husbandry
  • Blog
  • about us
    • Ethics charter
Menu
  • Home
  • Startups
  • Departments
    • Application Software Department
    • Architecture Department
    • Construction Department
    • Cryptocurrency Department
    • Decoration Department
    • Digital Investment Department
    • E-Commerce Department
    • Electronic Department
    • Energy Saving Department
    • Health Department
    • IOT Department
    • Mechanical Department
  • Top Projects
    • Green Power Generator
    • Green Marketing
    • Smart Animal Husbandry
  • Blog
  • about us
    • Ethics charter

Bitcoin Cash Price Forecast: Bulls Strength Hanging in a Thread

Home » Blog » Bitcoin Cash Price Forecast: Bulls Strength Hanging in a Thread

Ripple pins hopes on Biden administration as co-founder sells 28.6M XRP
January 20, 2021
Tezos Price
Tezos Price Recovers Following DAO Announcement
January 23, 2021
January 20, 2021
Categories
  • Blockchain
Tags
  • analysis
  • Bitcoin Cash Price
  • Technical
Bitcoin Cash Price

Bitcoin Cash Price

The Bitcoin Cash price has been pressured recently as other altcoins have rallied. Today, the price has risen by about 0.8% and is trading at $503, which is slightly above yesterday’s low of $490. Similarly, Bitcoin SV price has also moved sideways in the past few days while wrapped Bitcoin price has fallen by about 4% in the past 24 hours.

Bitcoin Cash, Wrapped Bitcoin, and Bitcoin SV prices

What’s happening: Many altcoins rallied yesterday as demand for the currencies continued to rise. Ethereum, the second-biggest cryptocurrency in the world added more than $200, soaring to above $1,420. Other currencies that rallied are Litecoin and Bitcoin. With no specific news, traders were possibly looking at the overall weaker dollar and the incoming stimulus package.

The dollar index has lost almost 1% this week. This trend will possibly continue as the incoming administration continues to prioritize stimulus to boost the US economy. The first will be a $1,9 trillion package that will come probably this month. Analysts believe that cryptocurrencies like Bitcoin Cash will benefit since many people who will receive the money will invest in them.

Bitcoin Cash Price Technical Outlook

On the four-hour chart, the Bitcoin Cash price soared to $631 early this month. It has dropped by more than 30% since then. However, we see that the price is slightly above the ascending trendline that is shown in black. This line connects the lowest levels since December 23. Also, it is along the 50-day and 25-day EMA.

Therefore, the uptrend will remain so long as the price is above the rising trendline. However, if it breaks below this price, it will lead to more weakness going forward.

BCH Price Chart

Source: Investing Cube

Related Post

  • Home

Share
44
Negin Rezaei
Negin Rezaei

Related posts

Nano Water Chip

Nano Water Chip

April 9, 2023

Nano Water Chip


Read more
January 30, 2023

Opportunity job in The Metaverse


Read more
Euphoria Spa

Euphoria Spa

January 16, 2023

Euphoria Spa


Read more
Neuralink brain chip
January 14, 2023

Neuralink brain chip


Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Parsaland Trading Company with many activities in the fields of import and export, investment consulting, blockchain consulting, information technology and building construction

Departments

  • Application Software
  • Architecture
  • Construction
  • Cryptocurrency
  • Decoration
  • E-Commerce
  • Electronic
  • Energy Saving
  • Health
  • IOT
  • Mechanical

Quick Link

  • Home
  • Startups
  • Blog
  • About Us

Contact Us

  • +989124000464
  • +989127093613
  • info@parsalandco.com
  • parsalandco-company
  • parsalandco_com
  • parsalandco_com