{"id":28803,"date":"2023-08-28T05:53:38","date_gmt":"2023-08-28T09:53:38","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=28803"},"modified":"2023-08-28T05:53:38","modified_gmt":"2023-08-28T09:53:38","slug":"bitcoin-cash-price-could-restart-increase-to-250-if-it-breaks-this-resistance","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/08\/28\/bitcoin-cash-price-could-restart-increase-to-250-if-it-breaks-this-resistance\/","title":{"rendered":"Bitcoin Cash Price Could Restart Increase To $250 If It Breaks This Resistance"},"content":{"rendered":"

Bitcoin Cash price recovered from the $160 zone against the US Dollar. BCH might aim a fresh rally toward the $240 and $250 levels.<\/em><\/p>\n

Bitcoin cash price is consolidating above the $180 level against the US Dollar.
\nThe price is trading below $200 and the 100 simple moving average (4 hours).
\nThere is a key rising channel forming with resistance near $200 on the 4-hour chart of the BCH\/USD pair (data feed from Kraken).
\nThe pair is likely to accelerate higher if it clears $195 and $200.<\/p>\n

Bitcoin Cash Price Prepares For The Next Move<\/h2>\n

After a strong decline, Bitcoin Cash price found support near the $160 level. BCH traded as low as $160.90 and recently started a recovery wave, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The price climbed above the $175 and $180 resistance levels. There was a break above the 23.6% Fib retracement level of the downward move from the $237 swing high to the $160 low. The price is now trading in a range above the $190 level.<\/p>\n

Bitcoin Cash is now trading below $200 and the 100 simple moving average (4 hours). There is also a key rising channel forming with resistance near $200 on the 4-hour chart of the BCH\/USD pair.<\/p>\n

Immediate resistance is near the $200 level, the channel zone, and the 100 simple moving average (4 hours). The next major resistance is near $220 or the 76.4% Fib retracement level of the downward move from the $237 swing high to the $160 low.<\/p>\n\n

Source: BCH\/USD on TradingView.com<\/a><\/p>\n

Any further gains could lead the price toward the $240 and $250 resistance levels in the near term. The next major hurdle is near the $265 level.<\/p>\n

Dips Supported in BCH?<\/h2>\n

If Bitcoin Cash price fails to clear the $200 resistance, it could start a fresh decline. Initial support on the downside is near the $185 level.<\/p>\n

The next major support is near the $180 level, where the bulls are likely to appear. If the price fails to stay above the $180 support, the price could test the $170 support. Any further losses could lead the price toward the $160 zone in the near term.<\/p>\n

Technical indicators<\/p>\n

4-hour MACD \u2013 The MACD for BCH\/USD is losing pace in the bullish zone.<\/p>\n

4-hour RSI (Relative Strength Index) \u2013 The RSI is currently above the 50 level.<\/p>\n

Key Support Levels \u2013 $185 and $180.<\/p>\n

Key Resistance Levels \u2013 $200 and $220.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Bitcoin Cash price recovered from the $160 zone against the US Dollar. BCH might aim a fresh rally toward the $240 and $250 levels.<\/em><\/p>\n

Bitcoin cash price is consolidating above the $180 level against the US Dollar.
\nThe price is trading below $200 and the 100 simple moving average (4 hours).
\nThere is a key rising channel forming with resistance near $200 on the 4-hour chart of the BCH\/USD pair (data feed from Kraken).
\nThe pair is likely to accelerate higher if it clears $195 and $200.<\/p>\n

Bitcoin Cash Price Prepares For The Next Move<\/h2>\n

After a strong decline, Bitcoin Cash price found support near the $160 level. BCH traded as low as $160.90 and recently started a recovery wave, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The price climbed above the $175 and $180 resistance levels. There was a break above the 23.6% Fib retracement level of the downward move from the $237 swing high to the $160 low. The price is now trading in a range above the $190 level.<\/p>\n

Bitcoin Cash is now trading below $200 and the 100 simple moving average (4 hours). There is also a key rising channel forming with resistance near $200 on the 4-hour chart of the BCH\/USD pair.<\/p>\n

Immediate resistance is near the $200 level, the channel zone, and the 100 simple moving average (4 hours). The next major resistance is near $220 or the 76.4% Fib retracement level of the downward move from the $237 swing high to the $160 low.<\/p>\n

Source: BCH\/USD on TradingView.com<\/a><\/p>\n

Any further gains could lead the price toward the $240 and $250 resistance levels in the near term. The next major hurdle is near the $265 level.<\/p>\n

Dips Supported in BCH?<\/h2>\n

If Bitcoin Cash price fails to clear the $200 resistance, it could start a fresh decline. Initial support on the downside is near the $185 level.<\/p>\n

The next major support is near the $180 level, where the bulls are likely to appear. If the price fails to stay above the $180 support, the price could test the $170 support. Any further losses could lead the price toward the $160 zone in the near term.<\/p>\n

Technical indicators<\/p>\n

4-hour MACD \u2013 The MACD for BCH\/USD is losing pace in the bullish zone.<\/p>\n

4-hour RSI (Relative Strength Index) \u2013 The RSI is currently above the 50 level.<\/p>\n

Key Support Levels \u2013 $185 and $180.<\/p>\n

Key Resistance Levels \u2013 $200 and $220.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-28803","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/28803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=28803"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/28803\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=28803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=28803"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=28803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}