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Bitcoin Cash Price Prediction: Is This the Start of a Rally

09-Feb-2024 By: Lokesh Gupta
Bitcoin Cash Price Prediction: Is This the Start of a Rally

Bitcoin Cash price Prediction 2025 will be close to $390

  • Bitcoin Cash price exhibits a bullish revival within an ascending triangle on the daily chart.

  • The upcycle sees the reclamation of the 50-day EMA, hinting at a potential rise towards the $260 barrier.

  • Over the last three days, altcoins formed a triple white soldier pattern, leading to a 5.80% jump.

  • Unlike Bitcoin, #Bitcoin Cash price consolidates gains above $240 against the US Dollar.

  • To initiate a fresh increase in the near term, the pair needs to overcome resistance at $250 and $258.

  • $BCH price aims for a breakthrough above the $250 resistance against the US Dollar.

  • The recent recovery from the support trendline signals a potential challenge to the overhead ceiling in the triangle formation.

  • BCH price maintains dominance over the 200-day EMA, sustaining the bullish trend.

  • According to Bitcoin Cash Price Prediction, Bitcoin Cash prediction 2030 remains at $750, while Bitcoin Cash predictions 2040 are in the $2000 range.

KEY LEVELS :

RESISTANCE LEVEL : $256-$265

SUPPORT LEVEL : $240-$232

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.

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