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      Bitcoin Cash (BCH) – What is the Chart Showing Us? - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      December 25, 2021

      4:57 AM UTC

      Bitcoin Cash (BCH) – What is the Chart Showing Us? - Stocks Telegraph

      At the time of writing, BCH is being traded at the rate of $453.40 with an increase of almost 2.5% within the last 24 hours.

      The low within this tenure was around $442.20 and the high was approximately $460.98. The coin as being in the watchlist of many traders makes it rank all the way up to number 25th according to the latest data released by coin market cap.

      BCH made its all-time high in the month of May 2021 where it reached an enormous amount of $1650. At the moment it has a daily volume of $5,376,565,254 with an increase of about 8% within the last 24 hours. The total supply of BCH is now around 21M and the circulating supply is also 18.9M. BCH has a dominance of 0.36%.

      The top exchanges for trading it are currently Binance, Kucoin,

      Technical Analysis – Bitcoin Cash (BCH)

      It can be seen that BCH has had a reaction from the Quasimodo levels. The price had a break of structure towards the downside. We can see that the price of BCH had been bearish for a lot of time.

      The price of the coin started doing a descending correction. At this point, people were hoping for a short and a lot of positions must have been opened. The price has broken out of the correction and we can look for a retest.

      BCH - 1D

      The price at this point can come down to retest the trend line after which we can look for a long position to the order block. When the price reaches the order block, we can look for a reaction from the price. If it fails to hold then BCH can drop down again as there is liquidity present as well. If the price manages to stay above the level, we can look for a possible long.

      Price Prediction – Bitcoin Cash (BCH)

      BCH has been one of the most successful and powerful coins. The people have gained a lot, based on this coin. In the long run, traders are highly bullish on the project. The price of BCH has retraced back and is around the same price it had around the month of June. According to the wallet investor, BCH is a good investment. The price of the coin is to reach a value of $734.247 in a year. In five years, the price is expected to reach around $1816.510.

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