Bitcoin Cash price analysis: Bulls remain unable to cross $352 barrier after the downslide - BitcoinEthereumNews.com
BCH/USD 1-दिवसीय मूल्य चार्ट। स्रोत: ट्रेडिंग व्यू The Bollinger bands are expanding as the volatility rises, which means that the future price trends might turn out in favor of the bears again. At the same time, the upper Bollinger band value has now moved towards the $352.3 position, while the lower Bollinger band value is now $262. The Relative Strength Index (RSI) score declined up to 53.17 during the day. Bitcoin Cash price analysis: Bulls manage to rescue price back to $338 high The hourly price prediction for BCH/USD confirms a bullish turnover as the bulls made a return on the price chart. Green candlestick is signaling a recovery in coin value as it just heightened up to $338.61 high. Although the bears have been in the dominating position, the current scenario is going in favor of the sellers. The moving average value is still quite high compared to the current price, i.e., $344.43. BCH/USD 4-hour price chart. Source: TradingView The short-term trending line is moving descendingly as in the preceding hours; the bears had an advantage of leading the market. The Bollinger bands indicator displays the following upper and lower values; the upper band shows $355.05, whereas the lower band shows $326.35 of value.