Since December 19, the price of Bitcoin Cash (BCH) has been trading above the moving average lines.
BCH price long-term analysis: bullishThe cryptocurrency has fluctuated above these lines but remained below the $600 resistance level. On December 19 and 27, buyers broke through the $600 resistance, pushing the price to a high of $636.
Technical IndicatorsKey Resistance Zones: $600, $650, $700
Key Support Zones: $500, $450, $400
BCH price indicators reading 
BCH has fallen below $600 but continues to move within a range in the bullish trend zone. On the 4-hour chart, the upward trend has been capped by resistance near $600 or the moving average lines.
Currently, the cryptocurrency price has broken below the 21-day SMA. BCH will recover to its previous high of $630 if buyers keep the price above the moving average lines.
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
