▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
The Bitcoin Cash price was slow to jump on the uptrend bandwagon that all the other crytpocurrencies have been on in the last weeks. In fact, BCH had been trading sideways for the most of both October and November. But finally the altcoin has caught up with the rest, and it’s making for an optimistic Bitcoin Cash price December forecast.
As a result, the price gained a whopping 20% and broke above $300 for the first time since early September this year, evening out the Bitcoin Cash vs Bitcoin correlation. However, as positive as analysts may paint the long-term Bitcoin Cash price prediction, the near-term BCH forecast (December 2020) does have a few clouds on the horizon.
Namely, analysts foresee impending selling pressure and the Bitcoin Cash prediction entails the possibility of a pullback. Key levels to watch at the moment are around $345 and $346, where there seems to be strong resistance. And if the bulls manage to withstand the selling pressure and can push the price above these levels, the path to $350 will be cleared in the near-term Bitcoin Cash price prediction (December).
Watch the full video for a deeper look into the Bitcoin Cash forecast December 2020. And stay tuned for our next BCH price prediction to keep track of the cryptocurrency’s movement.
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▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
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