Bitcoin Cash price is on the rise and is currently trading above the $130 level against the US Dollar. The price needs to clear multiple resistances such as $135 and $142 in order to gain strength for further gains. If Bitcoin Cash succeeds in surpassing the $135 resistance level, it will likely begin a fresh surge. In such a case, the next major target for the cryptocurrency may be around the $150 level. On the downside, the $130 level may act as an immediate support. Moreover, the $125 support level might also play a crucial role if BCH/USD fails to remain above the $130 level. The MACD for the pair is now in the bullish zone and indicates more gains in the near term.
Eva Perez
- 2023-04-14
Bitcoin Cash Price Analysis: BCH/USD Poised for Fresh Rally
Bitcoin Cash is heading higher and needs to break multiple resistances such as $135 and $142 in order to gain strength for further gains. The next major target may be around the $150 level if Bitcoin Cash succeeds in surpassing the $135 resistance level.
