{"id":29470,"date":"2023-09-12T05:52:34","date_gmt":"2023-09-12T09:52:34","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=29470"},"modified":"2023-09-12T05:52:34","modified_gmt":"2023-09-12T09:52:34","slug":"bitcoin-cash-price-signals-fresh-increase-despite-weakness-in-btc-and-eth","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/09\/12\/bitcoin-cash-price-signals-fresh-increase-despite-weakness-in-btc-and-eth\/","title":{"rendered":"Bitcoin Cash Price Signals Fresh Increase Despite Weakness in BTC and ETH"},"content":{"rendered":"

Bitcoin Cash price is holding the key $180 support against the US Dollar. BCH seems to be aiming for a fresh increase toward the $205 and $220 levels.<\/em><\/p>\n

Bitcoin cash price is showing positive signs above the $180 level against the US Dollar.
\nThe price is trading below $200 and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $189 on the 4-hour chart of the BCH\/USD pair (data feed from Kraken).
\nThe pair is likely to accelerate higher if it clears $197 and $200.<\/p>\n

Bitcoin Cash Price Aims Higher<\/h2>\n

In the past few days, Bitcoin Cash price saw a steady decline below $205. BCH even traded below the $195 level, but the downsides were limited compared to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The price remained well-bid near the key $180 support. A low has formed near $180 and the price is now attempting a fresh increase. It broke the $185 level. There was a break above a major bearish trend line with resistance near $189 on the 4-hour chart of the BCH\/USD pair.<\/p>\n

The price is now testing the 23.6% Fib retracement level of the downward move from the $238 swing high to the $180 low. However, Bitcoin Cash is now trading below $200 and the 100 simple moving average (4 hours).<\/p>\n

Immediate resistance is near the $197 level and the 100 simple moving average (4 hours). The next major resistance is near $205 or the 50% Fib retracement level of the downward move from the $238 swing high to the $180 low.<\/p>\n\n

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

Any further gains could lead the price toward the $220 and $225 resistance levels in the near term. The next major hurdle is near the $240 level.<\/p>\n

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

If Bitcoin Cash price fails to clear the $205 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 $168 support. Any further losses could lead the price toward the $150 zone in the near term.<\/p>\n

Technical indicators<\/p>\n

4-hour MACD \u2013 The MACD for BCH\/USD is gaining 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 $197 and $205.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Bitcoin Cash price is holding the key $180 support against the US Dollar. BCH seems to be aiming for a fresh increase toward the $205 and $220 levels.<\/em><\/p>\n

Bitcoin cash price is showing positive signs above the $180 level against the US Dollar.
\nThe price is trading below $200 and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $189 on the 4-hour chart of the BCH\/USD pair (data feed from Kraken).
\nThe pair is likely to accelerate higher if it clears $197 and $200.<\/p>\n

Bitcoin Cash Price Aims Higher<\/h2>\n

In the past few days, Bitcoin Cash price saw a steady decline below $205. BCH even traded below the $195 level, but the downsides were limited compared to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The price remained well-bid near the key $180 support. A low has formed near $180 and the price is now attempting a fresh increase. It broke the $185 level. There was a break above a major bearish trend line with resistance near $189 on the 4-hour chart of the BCH\/USD pair.<\/p>\n

The price is now testing the 23.6% Fib retracement level of the downward move from the $238 swing high to the $180 low. However, Bitcoin Cash is now trading below $200 and the 100 simple moving average (4 hours).<\/p>\n

Immediate resistance is near the $197 level and the 100 simple moving average (4 hours). The next major resistance is near $205 or the 50% Fib retracement level of the downward move from the $238 swing high to the $180 low.<\/p>\n

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

Any further gains could lead the price toward the $220 and $225 resistance levels in the near term. The next major hurdle is near the $240 level.<\/p>\n

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

If Bitcoin Cash price fails to clear the $205 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 $168 support. Any further losses could lead the price toward the $150 zone in the near term.<\/p>\n

Technical indicators<\/p>\n

4-hour MACD \u2013 The MACD for BCH\/USD is gaining 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 $197 and $205.<\/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-29470","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\/29470","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=29470"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/29470\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=29470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=29470"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=29470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}