{"id":338479,"date":"2023-08-26T12:00:00","date_gmt":"2023-08-26T06:30:00","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=338479"},"modified":"2023-08-25T23:51:30","modified_gmt":"2023-08-25T18:21:30","slug":"bitcoin-cash-bch-could-be-ready-for-another-pump-heres-why","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-cash-bch-could-be-ready-for-another-pump-heres-why\/","title":{"rendered":"Bitcoin Cash [BCH] could be ready for another pump. Here&#8217;s why&#8230;"},"content":{"rendered":"<p><i data-stringify-type=\"italic\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion.<\/i><\/p>\n<ul>\n<li><em>BCH hovered over a key support level with the possibility of another rally.<\/em><\/li>\n<li><em>The rising mean coin age hinted at the network-wide accumulation of BCH.<\/em><\/li>\n<\/ul>\n<p>The huge gains enjoyed by Bitcoin Cash [BCH] holders in June almost feel like a distant memory. Since the huge run from $104 to $329, BCH has gone on a corrective dip that has wiped away almost 50% of the June gains.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read\u00a0<a href=\"http:\/\/ambcrypto.com\/predictions\/bitcoin-cash-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Bitcoin Cash\u2019s [BCH] Price Prediction<\/a>\u00a02023-24<\/p>\n<hr \/>\n<p>Despite the deep retracement, the bullish bias remained on the higher timeframes. With the price hovering over a crucial support level, another wild rally could be imminent for BCH.<\/p>\n<h4><strong>Key support level could unlock massive gains<\/strong><\/h4>\n<figure id=\"attachment_338480\" aria-describedby=\"caption-attachment-338480\" style=\"width: 1948px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/BCHUSDT_2023-08-25_13-23-21.png\"><img decoding=\"async\" class=\"size-full wp-image-338480\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/BCHUSDT_2023-08-25_13-23-21.png\" alt=\"Bitcoin Cash BCH price chart on dark background\" width=\"1948\" height=\"1054\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/BCHUSDT_2023-08-25_13-23-21.png 1948w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/BCHUSDT_2023-08-25_13-23-21-300x162.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/BCHUSDT_2023-08-25_13-23-21-1024x554.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/BCHUSDT_2023-08-25_13-23-21-768x416.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/BCHUSDT_2023-08-25_13-23-21-1536x831.png 1536w\" sizes=\"(max-width: 1948px) 100vw, 1948px\" \/><\/a><figcaption id=\"caption-attachment-338480\" class=\"wp-caption-text\">Source: BCH\/USDT on Trading View<\/figcaption><\/figure>\n<p>Looking back to BCH\u2019s massive pump in June highlighted a key price trend. Price ranged between the $100 &#8211; $120 price zone before embarking on the huge rally.<\/p>\n<p>BCH\u2019s press time price action on the 12-hour timeframe mirrored the June move with the price hovering above the $186 support level. This presents buyers with another opportunity for a significant rally.<\/p>\n<p>The Moving Average Convergence Divergence (MACD) indicator posted a bullish crossover along with green bars above the zero level to signal bullish intent. Likewise, the Relative Strength Index (RSI) jumped out of the oversold zone with the Chaikin Money Flow (CMF) also pushing strongly to the zero mark after hovering for long in negative territory.<\/p>\n<p>A bullish push from this level will retain BCH\u2019s bullish sentiment with $250 and $300 attainable price ranges. However, if bears break below this support level, it will signal a shift in momentum with sellers able to target the $130 to $150 price levels.<\/p>\n<h4><strong>Bulls have been accumulating BCH<\/strong><\/h4>\n<figure id=\"attachment_338481\" aria-describedby=\"caption-attachment-338481\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Bitcoin-Cash-BCH-14.58.47-25-Aug-2023.png\"><img decoding=\"async\" class=\"size-full wp-image-338481\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Bitcoin-Cash-BCH-14.58.47-25-Aug-2023.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Bitcoin-Cash-BCH-14.58.47-25-Aug-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Bitcoin-Cash-BCH-14.58.47-25-Aug-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Bitcoin-Cash-BCH-14.58.47-25-Aug-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Bitcoin-Cash-BCH-14.58.47-25-Aug-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Bitcoin-Cash-BCH-14.58.47-25-Aug-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/Bitcoin-Cash-BCH-14.58.47-25-Aug-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-338481\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p>According to data from <a href=\"https:\/\/app.santiment.net\/s\/QXigLCOK\" target=\"_blank\" rel=\"noopener\">Santiment<\/a>, the 90-day mean coin age has been rising constantly since mid-July. This hinted at a network-wide accumulation of BCH.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check the\u00a0<a href=\"http:\/\/ambcrypto.com\/calculator\/bitcoin-cash-profit-calculator\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Bitcoin Cash Profit Calculator<\/a><\/p>\n<hr \/>\n<p>Although the mean coin age was rising swiftly, the funding rate remained largely negative throughout the period. A shift in the funding rate would be essential to bulls flocking into the market and pushing BCH on another price rally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Cash maintained its bullish bias on the higher timeframes with the possibility of another rally on the horizon. <\/p>\n","protected":false},"author":70,"featured_media":338482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,52,18,66,3,23,4,20],"tags":[],"class_list":["post-338479","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-bitcoin-cash-bch-news","category-hide-cryptopanic","category-new-news","category-news","category-no-home","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin Cash [BCH] could be ready for another pump. 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