Bitcoin Cash [BCH] came no where close to its all-time high of $4,355.62 that it achieved three years ago. While Bitcoin [BTC], Ethereum [ETH] and several other coins surged past their all-time highs, BCH, XRP along with many others failed to do so. XRP’s squabble with the SEC pushed the coin to a critical point. The altcoin, at press time, was trading for a low of $0.25. All the new coins like Polkadot and Chainlink prevailed during this crypto rally.
Bitcoin Cash, went up to a high of $629.80 in the last 30 days. But it wasn’t very hard for the coin to plummet down to a low of $331.91 either. At the time of writing. BCH was trading for $396 with a dainty surge of 1% in the last 24-hours. Over the last week, BCH had suffered losses of over 14%. The trading volume in the BCH market was seen soaring by 3.47% and was at $5.7 billion.
Bitcoin Cash [BCH] One-Hour Price Chart
After witnessing a steep fall from $460, BCH was finally seen getting back on track. The Money Flow Index was recovering from its journey to the oversold zone on the one-hour price chart. The MFI marker was just above 50 median, which revealed that BCH was revealing a buyers’ sentiment. The Chaikin Money Flow indicator opened the gates for the bulls as the marker pushed past zero.
Bitcoin Cash [BCH] On Binance
The bulls were dancing around the BCH market. The Parabolic SAR indicator formed dotted lines below the candlesticks. This stood as a barricade against any possible downtrend. The Awesome Oscillator indicator laid out green closing bars which is considered to be bullish. The MACD indicator was in sync with the other indicators. Just today, the MACD line took over the signal line formulating a bullish crossover.
This bullish notion in the BCH market could fuel the altcoin’s journey back to $460. The prolongation of this trend could push BCH beyond $500.