The decline in Bitcoin Cash (BCH) has stalled above the $460 barrier, with the cryptocurrency moving sideways since September 22. BCH price long-term analysis: ranging The trend has remained consistent between the $460 support and the $580 resistance. On four occasions, downward momentum has halted above $460. Today, price movement has been stagnant, with the cryptocurrency remaining within its narrow range. BCH will establish a new trend once it breaks out of this range. For example, if the bears break the $460 support, BCH could fall to the next support level at $400. BCH is currently valued at $480. Technical Indicators Key Resistance Zones: $600, $650, $700 Key Support Zones: $500, $450, $400 Bitcoin Cash indicator reading For the past two months, the cryptocurrency price has been caught between the 21-day and 50-day simple moving averages. Neither the bulls nor the bears have crossed the moving average lines. Despite the dip, the moving average lines are sloping upwards. On the 4-hour chart, the moving average lines are horizontal, indicating a lateral trend. What is the next direction for BCH/USD? Bitcoin Cash is trading flat between the $470 support and the $540 high. The price fluctuates both below and above the moving average lines. Currently, the price bars are trading above the $470 support. BCH will decline if the current support is breached.
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Bitcoin Cash Maintains a Lateral Trend Above $460
