Lokesh Gupta
12-02-2024
Bitcoin Cash price ($BCH) price established a base above $232 before embarking on a steady upward trajectory.
Breaking through the $250 resistance level, BCH entered a positive zone, mirroring the movements of Bitcoin and Ethereum.
The price of Bitcoin Cash surged by over 3%, surpassing the $272 resistance level.
$BCH now encounters significant resistance around the $285 mark.
Technical analysis indicates an ascending triangle breakout in the BCH price trend, suggesting a potential continuation of the uptrend.
If BCH breaches the $285 resistance, the next target ranges between $330 and $390.
According to Coingabbar Prediction, Bitcoin Cash prediction 2030 stays around $750, while Bitcoin Cash prediction 2040 is at $2000.
KEY LEVELS :
RESISTANCE LEVEL : $285-$305
SUPPORT LEVEL : $265-$255
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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