Bitcoin Cash (BCH) has rebounded after falling below the moving average lines.
On January 19, the altcoin bounced above the $560 support level and began an upward trend.
BCH price long-term analysis: bearish Technical IndicatorsKey Resistance Zones: $600, $650, $700
Key Support Zones: $500, $450, $400
BCH price indicators reading 
BCH is rising after breaking above the moving average lines on the 4-hour chart. The cryptocurrency is gaining but faces resistance at the $600 level. If BCH breaks above this initial barrier at the recent high, it will rise to $620. If buyers cannot overcome the $600 resistance, the altcoin will continue to trade in a range above the $570 support and below the $600 high.
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.
