BCH：
The price of BCH has exceeded the $500 mark in the past 24 hours, rising by more than 10%. In addition, the market continues to rise under the strong bulls, which also shows that the price of BCH will continue to show a positive upward trend in the coming weeks.
After a short-term consolidation in early March, BCH jumped 64.02% two days before the 25th of this month. Later, the price encountered resistance at the resistance level of $508 and once fluctuated in a narrow range. During this period, the market also hinted at bearish sentiment.
BCH also fell below support levels as market volatility increased. Prices were consolidating in a range between $402 and $450 for around 12 days before bulls lost momentum and showed more negative price action.
However, BCH maintained its price above the $357 support level and regained momentum. Subsequently, the price of BCH has been very positive, rising by approximately 58.54%.
The bullish green column of the MACD indicator below is increasing in volume, the bullish momentum is also increasing, and the 4-hour EMA is also extending upward.
Will BCH price increase?
If the bulls continue to push the price of BCH above the $566 resistance, then BCH will continue to gain momentum and test its $600 upper limit this week. In addition, if the price continues to rise, BCH will try to test its upper resistance level of $650 in the future.
If the bears overwhelm the bulls, the price of BCH will lose momentum and fall to test its support at $508. If the bulls fail to regain momentum, the price will plummet further and prepare to test its lower support at $450 next month.
