{"id":520473,"date":"2023-02-21T16:30:35","date_gmt":"2023-02-21T16:30:35","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=520473"},"modified":"2023-02-21T15:06:42","modified_gmt":"2023-02-21T15:06:42","slug":"bitcoin-cash-bch-surges-21-in-one-week-will-this-rally-continue","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/news\/bitcoin-cash\/bitcoin-cash-bch-surges-21-in-one-week-will-this-rally-continue\/","title":{"rendered":"Bitcoin Cash (BCH) Surges 21% In One Week, Will This Rally Continue?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The global cryptocurrency market capitalization is down by 1.20% in 24 hours. As such, a lot of cryptocurrencies are down in the last 24 hours while others still hold their past week\u2019s gains.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, some <\/span><a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">crypto prices<\/span><\/a><span style=\"font-weight: 400\"> have been up over the past 24 hours. Bitcoin and Ethereum have gained some percentage to their past-day prices. Bitcoin Cash (BCH) is among the assets whose prices are green today. The coin gained 4.30% over the past 24 hours with an over <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin-cash\/usd\" rel=\"nofollow\"><span style=\"font-weight: 400\">21% 7-day price<\/span><\/a><span style=\"font-weight: 400\"> increase.<br \/>\n<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/analysis\/fet\/fetch-ai-fet-soars-on-partnership-german-tech-giant\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Fetch AI (FET) Soars 12% On Partnership With German Tech Giant<\/a><\/div>\n<p><span style=\"font-weight: 400\">With this 7-day price gain, BCH is outperforming the global cryptocurrency market, which has only increased by 9.50% over the past seven days.<\/span><span style=\"font-weight: 400\">\u00a0But investors are speculating about the token\u2019s possible price actions in the coming days.\u00a0<\/span><\/p>\n<h2><b>Bitcoin Cash Recent Trends And Factors Pushing Price<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Bitcoin Cash has seen notable price gains this year. The coin closed at $96.96 on January 1 but rose to $101.48 on January 4. It continued rising till it hit $138.27 on February 5 before correcting to $234.46 on the same day.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">BCH experienced some pullbacks between February 5 and 14 before rallying to $134.09 on February 17 and continued. The coin also rallied nearly 6% on February 20 and currently stands at $148.01. Also, BCH has recorded a <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin-cash\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">12.83% increase<\/span><\/a><span style=\"font-weight: 400\"> in trading volume, with a 2.09% rise in market cap over the past 24 hours.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">An increase in trading volume often suggests more BCH usage. It could also indicate a growth in on-chain activity and might be among the factors fuelling the Bitcoin Cash price rally.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The recent improvement in investor sentiment in the crypto market might be among the factors fuelling BCH&#8217;s price rally. The fear and greed index is 60, suggesting investors buy more assets. It strongly indicates that investors\u2019 sentiments for several digital assets are high. This is also why BCH&#8217;s price witnessed its recent price performance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin-cash#:~:text=The%20price%20of%20Bitcoin%20Cash,hour%20trading%20volume%20of%20%24720%2C633%2C587.\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, the community is bullish about Bitcoin Cash today, with over 90% of users feeling good about the coin.<\/span><\/p>\n<figure style=\"width: 856px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/ouV4MR88\/\" alt=\"BCHUSD\" width=\"856\" height=\"538\"><figcaption class=\"wp-caption-text\">BCH&#8217;s price currently stands at $146.38 in the daily chart. | BCHUSD price chart from <a href=\"https:\/\/www.tradingview.com\/chart\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h3><b>Bitcoin Cash Price Prediction, Will BCH Hit $200 Soon?<\/b><\/h3>\n<p><span style=\"font-weight: 400\">BCH has continued its <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin-cash\/historical-data\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">positive price form today<\/span><\/a><span style=\"font-weight: 400\">, forming higher highs on the price chart. The token has been in an uptrend since February 13, 2023, despite slight fluctuations on some days.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The price increase led to a <\/span><a href=\"https:\/\/www.investopedia.com\/terms\/g\/goldencross.asp#:~:text=The%20golden%20cross%20is%20a,moving%20average)%20or%20resistance%20level.\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">golden cross<\/span><\/a><span style=\"font-weight: 400\"> on the chart. BCH is trading above its 50-day and 200-<\/span><a href=\"https:\/\/www.tradingview.com\/chart\/nmZAKHKT\/?symbol=COINBASE%3ABCHUSD\" rel=\"nofollow\"><span style=\"font-weight: 400\">day Simple Moving Average<\/span><\/a><span style=\"font-weight: 400\"> (SMA), a bullish sentiment for the cryptocurrency. These indicators imply a short and long-term price increase for the asset.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The support levels are $124.48, $129.55, and $136.91, and the resistance levels are $149.33, $154.40, and $161.76. The <\/span><a href=\"https:\/\/www.tradingview.com\/chart\/nmZAKHKT\/?symbol=COINBASE%3ABCHUSD\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Relative Strength Index (RSI)<\/span><\/a><span style=\"font-weight: 400\"> is at 67.91, in the buy zone and close to the overbought region of 70, also another bullish sentiment for BCH.<\/span><\/p>\n<p><span style=\"font-weight: 400\">BCH&#8217;s MACD (<\/span><a href=\"https:\/\/www.tradingview.com\/chart\/nmZAKHKT\/?symbol=COINBASE%3ABCHUSD\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Moving Average Convergence\/Divergence)<\/span><\/a><span style=\"font-weight: 400\"> is above its signal line, another bullish sentiment. With the bulls charging currently, expect the BCH to rise above its resistance levels in the coming weeks. The $161.76 level will prove critical to its rise to $200. However, the $200 level remains a long-term target.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Pixabay and chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The global cryptocurrency market capitalization is down by 1.20% in 24 hours. As such, a lot of cryptocurrencies are down in the last 24 hours while others still hold their past week\u2019s gains.\u00a0 However, some crypto prices have been up over the past 24 hours. Bitcoin and Ethereum have gained some percentage to their past-day prices. Bitcoin Cash (BCH) is among the assets whose prices are green today. The coin gained 4.30% over the past 24 hours with an over 21% 7-day price increase. Related Reading: Fetch AI (FET) Soars 12% On Partnership With German Tech Giant With this 7-day price gain, BCH is outperforming the global cryptocurrency market, which has only increased by 9.50% over the past seven days.\u00a0But investors are speculating about the token\u2019s possible price actions in the coming days.\u00a0 Bitcoin Cash Recent Trends And Factors Pushing Price Bitcoin Cash has seen notable price gains this year. The coin closed at $96.96 on January 1 but rose to $101.48 on January 4. It continued rising till it hit $138.27 on February 5 before correcting to $234.46 on the same day.\u00a0 BCH experienced some pullbacks between February 5 and 14 before rallying to $134.09 on February 17 and continued. The coin also rallied nearly 6% on February 20 and currently stands at $148.01. Also, BCH has recorded a 12.83% increase in trading volume, with a 2.09% rise in market cap over the past 24 hours.\u00a0 An increase in trading volume often suggests more BCH usage. It could also indicate a growth in on-chain activity and might be among the factors fuelling the Bitcoin Cash price rally. The recent improvement in investor sentiment in the crypto market might be among the factors fuelling BCH&#8217;s price rally. The fear and greed index is 60, suggesting investors buy more assets. It strongly indicates that investors\u2019 sentiments for several digital assets are high. This is also why BCH&#8217;s price witnessed its recent price performance. According to CoinGecko, the community is bullish about Bitcoin Cash today, with over 90% of users feeling good about the coin. Bitcoin Cash Price Prediction, Will BCH Hit $200 Soon? BCH has continued its positive price form today, forming higher highs on the price chart. The token has been in an uptrend since February 13, 2023, despite slight fluctuations on some days. The price increase led to a golden cross on the chart. BCH is trading above its 50-day and 200-day Simple Moving Average (SMA), a bullish sentiment for the cryptocurrency. These indicators imply a short and long-term price increase for the asset. The support levels are $124.48, $129.55, and $136.91, and the resistance levels are $149.33, $154.40, and $161.76. The Relative Strength Index (RSI) is at 67.91, in the buy zone and close to the overbought region of 70, also another bullish sentiment for BCH. BCH&#8217;s MACD (Moving Average Convergence\/Divergence) is above its signal line, another bullish sentiment. With the bulls charging currently, expect the BCH to rise above its resistance levels in the coming weeks. The $161.76 level will prove critical to its rise to $200. However, the $200 level remains a long-term target. Featured image from Pixabay and chart from TradingView.com<\/p>\n","protected":false},"author":577,"featured_media":520475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16895],"tags":[87886,16806,10777,10736,1558],"class_list":["post-520473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-cash","tag-bch-analysis","tag-bch-price","tag-bchusd","tag-bitcoin-cash","tag-cryptocurrency"],"acf":[],"yoast_head":"\n<title>BCH Continues To Surge Higher, Scores 21% In A Week<\/title>\n<meta name=\"description\" content=\"BCH is also outperforming the global cryptocurrency market, which has only increased by 9.50% over the past seven days.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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