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๐ https://www.gate.com/announcements/articl - ๐ Gate Square Newbie Village ยท Episode 1 โ๏ธ @Ryakpanda Community
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Bitcoin Cash Price Forecast: Bulls aiming for levels above $700 :
Bitcoin Cash price declined slightly at the start of the week on Monday, but recovered the next day and closed above $616.13 on Wednesday. At the time of writing on Thursday, it continues its upward momentum, reaching a new yearly high of $650.46.
If BCH continues its upward trend, it could extend the rally to retest its April 5, 2024, high of $719.14.
The Relative Strength Index (RSI) on the daily chart reads 65, above its neutral level of 50, and points upward, indicating that bullish momentum is gaining traction. The Moving Average Convergence (MACD) indicator on the same chart displayed a bullish crossover in early September, which remains in effect, indicating sustained bullish momentum and an upward trend ahead.
However, if BCH faces a correction, it could extend the decline toward its 50-day Exponential Moving Average (EMA) at $573.55.
#BCH#
#Fed Cuts Rates By 25 Bps#