Price Analysis View Non-AMP

BCH Price Analysis: Can BCH Speed Up Recovery To Cross $300?

Published by
Sohrab Khawas

Following the failed attempt of an inverted head and shoulder breakout, the BCH price continues down the lateral path. Consolidating at the time of market recovery as Bitcoin reaches $35K, the altcoin struggles to cash in the high sentiments of investors. 

Nevertheless, the dynamic support of the 50-day EMA keeps the prices above $225 and teases a recovery shortly. Therefore, the BCH price prediction teases a potential reversal rally, crossing $300 in 2023. 

Despite the dynamic support of the 200-day and 50-day EMA from time to time in the last few months, the BCH price remains under $255. Following the fake breakout of the $250 resistance zone, the Bitcoin Cash price trend loses momentum.

With a minimal 5% growth in the Uptober season, the altcoin remains on a sideways track, but buyers remain dominant at $225. Moreover, the price action displays a falling channel as the correction phase approaches the 50-day EMA.

Nevertheless, the overlap trend teases a cup and handle pattern, and the bounce back from the average line hints at a breakout shortly. 

Taking a slightly wider look, the BCH price action forms an ascending triangle pattern with the overhead resistance at the $250 supply zone. Forming higher low formations, the uptrend teases a new upcycle and high possibility of a bullish breakout. 

Technical indicators:

Stochastic RSI: The K and D lines in the stochastic RSI indicator show a bullish turnaround from the oversold zone. Thus, the indicator shows a potential upcycle ready to challenge the $255 resistance zone.

EMA: The crucial 50-day and 200-day EMAs continue to track the positive path and provide dynamic support to Bitcoin Cash. 

Will BCH Price Reach $300?

With high hopes for a Bitcoin Spot ETF surrounding the crypto market, the Bitcoin price skyrockets. However, the BCH price seems a bit slow to pick up the momentum and might need a breakout signal to unleash the trend.

Therefore, if the BCH price exceeds $250, the breakout rally can reach $300. On the opposite end, the 50-day EMA breakdown will plunge the prices to $200.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Shiba Inu Price Prediction 2025, 2026 – 2030: Will SHIB Price Hit $0.00005?Shiba Inu Price Prediction 2025, 2026 – 2030: Will SHIB Price Hit $0.00005?

Shiba Inu Price Prediction 2025, 2026 – 2030: Will SHIB Price Hit $0.00005?

Story Highlights The live price of SHIB memecoin is SHIB token price could reach a…

April 7, 2025
Solana Price Crash to $99—Analyst Predicts 50% Drop AheadSolana Price Crash to $99—Analyst Predicts 50% Drop Ahead

Solana Price Crash to $99—Analyst Predicts 50% Drop Ahead

The wider crypto market continued with bearish sentiment as the New York traders began their…

April 7, 2025
Pi Network Price Hits Crisis Point, Pi Coin Recovery Plan EmergesPi Network Price Hits Crisis Point, Pi Coin Recovery Plan Emerges

Pi Network Price Hits Crisis Point, Pi Coin Recovery Plan Emerges

Pi Network News Today : The Pi Network is facing a serious price problem. After…

April 7, 2025

Bill Ackman Blames Trump Tariff Policy for Market Crash and Insider Profits

Since his induction, US President Donald Trump has adopted several initiatives to support the growth…

April 7, 2025

Why is Cardano Price Falling Today? Experts Predict 30% Crash From Here

The crypto market is reeling from the aftermath of rising global economic tensions, fears of…

April 7, 2025

Bitcoin Price Drops to 4-Month Lows—Could It Fall to $70K? Top Analyst Weighs In!

The global cryptocurrency market is in turmoil, with its total value dropping to $2.4 trillion,…

April 7, 2025