Bitcoin Cash price prediction

[kevin1]

Bitcoin Cash (BCH) closed below the $419 support on Saturday, signaling the resumption of the downtrend.

BCH/USDT daily chart. Source: Cointelegraph/TradingView

The selling picked up momentum, and the BCH/USDT pair fell below the $375 support on Monday. Buyers are attempting to push the price back above $375, but the bears have held their ground. If the BCH price turns down from $375 and breaks below $348, the pair may plummet to $300.

Buyers have an uphill task ahead of them. They will have to push the price above the 20-day EMA ($421) and maintain it to signal a comeback.

[ed]

$300 psychological level as next meaningful demand is a 20% further downside from current levels, significant structural deterioration signal.

[ed]

BCH closed below support and the chart just said yeah we're going to $300 have fun

[bonk]

bch trying to recover above the 20 day ema while the chart looks emotionally exhausted