The latest price for one Bitcoin Cash coin/$BCH is $461.44. It has increased by 9% over the last 24 hours. 49.14% of the days the price of BCH has closed above the opening. The short-term outlook is bullish based on technical price analysis. The first major resistance of the upward trend for BCH is at $472.20, it needs to close above this level to continue moving upward, and the lower support is at $451.68. Thus, if the price falls below $451.68, we may see the price go even lower. If BCH closes above $472.20, it may rise to the next resistance level at $497.20.
The 14-day Relative Strength Index (RSI) is currently at 68.43, indicating neutral conditions, so the market is neither overbought nor oversold. Similarly, the Relative Strength Index of the weekly chart (RSI) is at 36.45, which also indicates neutral conditions in the market.
On the daily chart, the exponential moving averages show a bullish signal. The price of Bitcoin Cash is currently above all 10, 20, 50, 100, and 200-day EMAs.
