The post Will BCH Price Fly to $300 in Jan? appeared on BitcoinEthereumNews.com.

Bitcoin Cash price prediction suggests a rise in December and bulls will lead the rally. It rose 10% in the last session and formed a big marubozu candle.  BCH price managed to climb above the 50-day EMA showcasing an uptrend and buyers are returning back to the track. Meanwhile, the buying volume also surged and the price followed the same direction indicating the participation of the big players.  Bitcoin Cash price took support near $220.00 and showed a decent bounce. However, it will be interesting to see whether the buyers can give the follow-up momentum or not.  On the higher side, $270.00 may act as a strong hurdle for the bulls. Until the buyers break the $270 hurdle and take control over the supply zone, the new swing high may not be visible.  The recent up move in BCH crypto looks reliable so the probability of continuing the upward momentum remains high. Currently, Bitcoin Cash price is trading at $240.60 with an intraday decline of -4.64%. The 24-hour volume to market cap stands at 7.99%. Bitcoin Cash Price Prepares for Massive Breakout Source: BCH/USDT daily chart by Tradingview Bitcoin Cash price is mildly bullish and seems to be preparing for the massive breakout. On the daily chart, the price is stuck in a wide range between $201.00 to $270.00.  The next directional move will be visible when buyers can break either side of the range. The price action says, that till the BCH price sustains above $200.00 the probability of the higher range breakout will remain high.  Furthermore, the overall crypto market is performing well so it may positively impact BCH and add fuel to its momentum. BCH Price Reverses Upward From the Demand Zone BCH price reverses upward from the demand zone and shows signs of continuing the recovery.…

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Filed under: News - @ December 6, 2023 12:22 am