Category Archives: BCH

Bitcoin Cash (BCH) Could Start Fresh Rally Above $124

  • Bitcoin cash price rallied recently and broke the $125 and $130 resistance levels against the US Dollar.
  • The price traded as high as $131 and later started a downside correction.
  • There is a crucial bullish trend line formed with support at $116 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
  • The pair is likely to start a fresh rally if buyers succeed in gaining strength above $122 and $124.

Bitcoin cash price is placed nicely above the $118 and $116 supports against the US Dollar. BCH could resume its uptrend if it clears the $122 and $124 resistances in the near term.

Bitcoin Cash Price Analysis

This week, there was a sharp upward move in bitcoin, ripple, Ethereum, and bitcoin cash against the US Dollar. The BCH/USD pair formed a solid support near the $105 level and climbed above many hurdles. Buyers gained momentum above the $115 and $120 resistance levels. The upward move was such that the price even broke the $125 and $130 resistance levels. Moreover, there was a close above the $120 level and the 55 simple moving average (4-hours). A new monthly high was formed near $131 and later the price started a downside correction.

There was a break below the $125 and $122 support levels. Sellers pushed the price below the 50% Fib retracement level of the last wave from the $109 low to $131 high. However, the decline was protected by the $117-118 support area. The price also managed to stay above the 55 simple moving average (4-hours). Besides, the 61.8% Fib retracement level of the last wave from the $109 low to $131 high held declines. At the outset, the price is trading in a range above the $118 support and below the $122 resistance.

It seems like there is a breakout pattern forming with resistance at $122 and $124. On the downside, there is a crucial bullish trend line formed with support at $116 on the 4-hours chart of the BCH/USD pair. If the pair breaks the trend line support, there is a risk of a downside extension below the $115 level.

Bitcoin Cash Price Analysis BCH Chart

Looking at the chart, bitcoin cash price seems to be holding key supports above the $117 level. However, buyers need to gain strength above the $122 and $124 levels to start a fresh rally. The next key resistances are near $130 and $135.

Technical indicators

4 hours MACD – The MACD for BCH/USD is about to move back in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for BCH/USD is placed nicely above the 50 level, with a positive angle.

Key Support Level – $117

Key Resistance Level – $124

The post Bitcoin Cash (BCH) Could Start Fresh Rally Above $124 appeared first on Live Bitcoin News.

Source: Bitcoin News

Bitcoin Cash (BCH) Could Turn Bullish Above $120

  • Bitcoin cash price corrected higher, but it struggled to break the $120 resistance against the US Dollar.
  • There is a significant bearish trend line formed with resistance at $115 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
  • The pair could rally if buyers manage to push the price above the $115 and $120 resistance levels.

Bitcoin cash price made a couple attempts to clear the $120 resistance against the US Dollar. BCH failed to gain momentum and it is currently preparing for the next break.

Bitcoin Cash Price Analysis

This week, there were further slides in bitcoin, ripple, Ethereum, and bitcoin cash against the US Dollar. Earlier, the BCH/USD pair corrected higher and broke the $115 resistance level. However, the pair failed to gain pace above the $120 resistance. A rejection pattern was formed near $120 and the price declined below the 55 simple moving average (4-hours). The price traded lower below the 50% Fib retracement level of the last wave from the $104 low to $121 swing high. The decline was such that the price tested the $110 support.

It seems like 61.8% Fib retracement level of the last wave from the $104 low to $121 swing high protected losses. The pair jumped higher, but once again the $120 resistance acted as a resistance. More importantly, there is a significant bearish trend line formed with resistance at $115 on the 4-hours chart of the BCH/USD pair. A successful close above the trend line, $120, and the 55 SMA is needed for a decent rebound. The next resistance is near the $126 level, above which the price could trade towards $134. If there is no upside break above $120, the price could decline towards the $110 or $105 support levels.

Bitcoin Cash Price Analysis BCH Chart

Looking at the chart, bitcoin cash price is likely preparing for the next break either above $120 or below $110. Having said that, a successful daily close above $120 is must for a sustained upward move.

Technical indicators

4-hours MACD – The MACD for BCH/USD is placed slightly in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI for BCH/USD is currently flat near the 45 level.

Key Support Level – $110

Key Resistance Level – $120

The post Bitcoin Cash (BCH) Could Turn Bullish Above $120 appeared first on Live Bitcoin News.

Source: Bitcoin News

Bitcoin Cash (BCH) Facing Uphill Task, Can $100 Hold?

  • Bitcoin cash price recovered recently from $105, but struggled to break $120 against the US Dollar.
  • There is a crucial bearish trend line formed with resistance at $116 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
  • The pair is likely to make the next move either above the $116-120 resistance or decline below $105.

Bitcoin cash price is struggling to gain momentum above $115-120 against the US Dollar. BCH is setting up for the next break either above $120 or below $105 in the near term.

Bitcoin Cash Price Analysis

There was a fresh decline recently in bitcoin, ripple, Ethereum, and bitcoin cash against the US Dollar. The BCH/USD pair traded towards the $105 level and later started an upside correction. The price moved above the $110 and $112 resistance levels. There was a break above the 23.6% Fib retracement level of the last decline from the $134 high to $105 swing low. Finally, there was a break above the $115 level, but the price struggled near the $120 resistance level.

More importantly, the price failed to break the 55 simple moving average (4-hours) near $119. Besides, there is a crucial bearish trend line formed with resistance at $116 on the 4-hours chart of the BCH/USD pair. The pair also failed to break the 50% Fib retracement level of the last decline from the $134 high to $105 swing low. As a result, there was a fresh decline below $116 and $115. The price is currently trading below $115 and it remains at a risk of more losses. If the price continues to move down, the price may revisit the $105 support. Any further declines could lead to a sharp decline below $102 or $100.

Bitcoin Cash Price Analysis BCH Chart

Looking at the chart, bitcoin cash price likely to make the next move either above the $116-120 resistance or towards $100. A proper break above the $120 resistance may kick start a decent upward move towards $135.

Technical indicators

4-hours MACD – The MACD for BCH/USD is placed in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI for BCH/USD is now well below the 50 level.

Key Support Level – $105

Key Resistance Level – $120

The post Bitcoin Cash (BCH) Facing Uphill Task, Can $100 Hold? appeared first on Live Bitcoin News.

Source: Bitcoin News

Bitcoin Cash (BCH) Could Gain Bullish Momentum Above $132

  • Bitcoin cash price declined recently, but it found support near the $115 level against the US Dollar.
  • There is a significant bearish trend line formed with resistance at $132 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
  • The pair could gain bullish momentum if it breaks the $132 and $136 resistance levels in the near term.

Bitcoin cash price is setting up for the next crucial break against the US Dollar. BCH is likely to accelerate higher if buyers succeed in pushing the price above $132, $135 and $136.

Bitcoin Cash Price Analysis

This week, there were few bearish moves in bitcoin and Ethereum, which pushed bitcoin cash price below $130 against the US Dollar. The BCH/USD pair even broke the $120 support level and tested the $115 level. A low was formed near $116 and later the price bounced back above $120. Buyers even pushed the price above the $125 level and the 55 simple moving average (4-hours). Besides, there was a break above the 23.6% Fib retracement level of the last drop from the $163 high to $116 swing low.

However, the upward move was capped by the $135-136 resistance zone. Later, the price trimmed gains and traded below the $132 level. At the moment, the price is consolidating below the $132, $135 and $136 resistance levels. More importantly, there is a significant bearish trend line formed with resistance at $132 on the 4-hours chart of the BCH/USD pair. Above the trend line and $136, the price could test the key $140 barrier. It coincides with the 50% Fib retracement level of the last drop from the $163 high to $116 swing low.

Bitcoin Cash Price Analysis BCH Chart

Looking at the chart, bitcoin cash price is showing positive signs above the $120 support. Having said that, buyers need to gain momentum above $132 to push the price into a bullish zone. If they fail, there is a risk of a downside break below $120 and $115.

Technical indicators

4-hours MACD – The MACD for BCH/USD is slightly placed in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI for BCH/USD is struggling to stay above the 50 level.

Key Support Level – $120

Key Resistance Level – $132

The post Bitcoin Cash (BCH) Could Gain Bullish Momentum Above $132 appeared first on Live Bitcoin News.

Source: Bitcoin News

Bitcoin Cash (BCH) Near Crucial Juncture, Can Buyers Gain Momentum?

  • Bitcoin cash price extended declines recently and broke the $140 support level against the US Dollar.
  • There is a crucial bearish trend line in place with resistance at $135 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
  • The pair is positioned for the next major move either above $135 or below $120 in the near term.

Bitcoin cash price traded below the $150 and $140 supports against the US Dollar. BCH is now looking for the next key break either above $135-140 or towards $100 in the near term.

Bitcoin Cash Price Analysis

Recently, bitcoin and Ethereum faced an increased selling pressure, which dragged bitcoin cash price below $140 against the US Dollar. The BCH/USD pair formed a high near the $163 level and later declined steadily below $150. It broke the $140 and $135 support levels to move into a bearish zone. The price tested the $120 support, where buyers emerged and protected losses. A low was formed near $120.5 and later the price started consolidating losses. It corrected a few points above the $125 and $127 levels.

There was also a break above the 23.6% Fib retracement level of the recent decline from the $163 high to $120 low. However, buyers failed to hold gains above $130 and there was no test of the 55 simple moving average (4-hours). The price trimmed gains and it is currently trading well below $130. More importantly, there is a crucial bearish trend line in place with resistance at $135 on the 4-hours chart of the BCH/USD pair. A proper break above the trend line could open the doors for more gains. The next key resistance is $140 and the 50% Fib retracement level of the recent decline from the $163 high to $120 low.

Bitcoin Cash Price Analysis BCH Chart

Looking at the chart, bitcoin cash price is clearly positioned for the next major move either above $135 or below $120. If there is a downside break below $120, the price may test the $100 support.

Technical indicators

4-hours MACD – The MACD for BCH/USD is currently flat in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI for BCH/USD is struggling to move above the 50 level.

Key Support Level – $130

Key Resistance Level – $120

The post Bitcoin Cash (BCH) Near Crucial Juncture, Can Buyers Gain Momentum? appeared first on Live Bitcoin News.

Source: Bitcoin News

Bitcoin Cash (BCH) Skyrockets, Outperforms BTC, ETH, XRP

Key Points

  • Bitcoin cash price rallied recently and jumped above the $100 and $125 resistances against the US Dollar.
  • There was a break above a crucial bearish trend line with resistance at $90 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
  • The pair gained more than 80% in the past few days and tested the $145-150 resistance.

Bitcoin cash price found support near $70 after a massive drop against the US Dollar. BCH recovered sharply and jumped above the $125 resistance level.

Bitcoin Cash Price Analysis

Earlier this month, we saw a massive drop in bitcoin cash price below $150 and $100 supports against the US Dollar. The BCH/USD pair even broke the $90 and $80 support levels. It traded to a new monthly low at $72 before buyers took a stand. During the past few days, there was a sharp upward move and the price recovered above the $80, $95 and $100 resistance levels.

It even broke the $125 resistance and the 23.6% Fib retracement level of the last decline from the $199 high to $72 low. More importantly, there was a break above a crucial bearish trend line with resistance at $90 on the 4-hours chart of the BCH/USD pair. The pair settled above the $125 level and the 55 simple moving average (4-hours). Currently, the 50% Fib retracement level of the last decline from the $199 high to $72 low is acting as a resistance. Besides, the $145-150 zone is a crucial barrier (the previous support) for buyers.

Bitcoin Cash Price Analysis BCH Chart

Looking at the chart, bitcoin cash price clearly recovered nicely above $100 and $110. To continue higher, it must surpass the $150 resistance. The key supports on the downside are visible at $120 and $108.

Looking at the technical indicators:

4-hours MACD – The MACD for BCH/USD is placed heavily in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI for BCH/USD is currently well above the 60 level.

Key Support Level – $120

Key Resistance Level – $150

The post Bitcoin Cash (BCH) Skyrockets, Outperforms BTC, ETH, XRP appeared first on Live Bitcoin News.

Source: Bitcoin News

Bitcoin Cash (BCH) Dead Below $100, More Losses Possible

Key Points

  • Bitcoin cash price tumbled heavily below the $150 and $100 support levels against the US Dollar.
  • There is a significant bearish trend line formed with resistance at $110 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
  • The pair seems to be struggling below $100 and it could decline further below $80 and $75.

Bitcoin cash price settled below the key $100 support against the US Dollar. BCH may slide further towards $75 if bitcoin breaks the $3,200 support.

Bitcoin Cash Price Analysis

The past few weeks were pretty bearish for bitcoin cash price below the $150 support against the US Dollar. The BCH/USD pair tumbled and broke the $125, $110 and $100 support levels. There was a close below the $100 pivot and the 55 simple moving average (4-hours). A new multi month low was formed at $82 and it seems like the current decline is not over yet.

Recently bitcoin, Ethereum, ripple, litecoin and eos also faced a sharp increase in selling pressure. However, BCH was one of the worst performers as it settled below $100. An initial resistance is near the $95 level. Above $95, the 23.6% Fib retracement level of the last drop from the $145 high to $82 low is at $97. More importantly, there is a significant bearish trend line formed with resistance at $110 on the 4-hours chart of the BCH/USD pair. A successful close above the trend line and $100 could push the price towards the $115 resistance. It is the 50% Fib retracement level of the last drop from the $145 high to $82 low.

Bitcoin Cash Price Analysis BCH Chart

Looking at the chart, bitcoin cash price remains in a significant downtrend below $100 and $110. If sellers remain in action, there could be a sharp drop below $82, $80 and even $75.

Looking at the technical indicators:

4-hours MACD – The MACD for BCH/USD is gaining momentum in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI for BCH/USD is currently well below the 30 level.

Key Support Level – $80

Key Resistance Level – $100

The post Bitcoin Cash (BCH) Dead Below $100, More Losses Possible appeared first on Live Bitcoin News.

Source: Bitcoin News