{"id":30807,"date":"2023-10-11T05:52:43","date_gmt":"2023-10-11T09:52:43","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=30807"},"modified":"2023-10-11T05:52:43","modified_gmt":"2023-10-11T09:52:43","slug":"bitcoin-cash-price-prediction-this-support-could-trigger-fresh-bch-rally","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/11\/bitcoin-cash-price-prediction-this-support-could-trigger-fresh-bch-rally\/","title":{"rendered":"Bitcoin Cash Price Prediction: This Support Could Trigger Fresh BCH Rally"},"content":{"rendered":"

Bitcoin Cash price is holding the key $205 support against the US Dollar. BCH could start a fresh increase if it stays above the $205 and $200 support levels.<\/em><\/p>\n

Bitcoin cash price started a fresh decline below the $230 level against the US Dollar.
\nThe price is trading below $220 and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $217 on the 4-hour chart of the BCH\/USD pair (data feed from Kraken).
\nThe pair could start a fresh increase unless there is a move below $200.<\/p>\n

Bitcoin Cash Price Holds Support<\/h2>\n

In the past few days, Bitcoin Cash price saw a steady decline from the $255 resistance zone<\/a>. BCH declined below the $232 support to enter a short-term bearish zone, like Bitcoin and Ethereum<\/a>.<\/p>\n

The bears were able to push the price below the $220 support. Finally, the price found support near the $205 zone (a multi-touch zone). A low has formed near $206.59 and the price is now consolidating losses. It seems like there is a key bearish trend line forming with resistance near $217 on the 4-hour chart of the BCH\/USD pair.<\/p>\n

Bitcoin Cash is now trading below $220 and the 100 simple moving average (4 hours). Immediate resistance is near the $217 level and the trend line. It is close to the 23.6% Fib retracement level of the downward move from the $255 swing high to the $206 low.<\/p>\n

<\/a><\/p>\n

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

The next major resistance is near $228 or the 100 simple moving average (4 hours). The next major resistance is near the $232 level. It is close to the 50% Fib retracement level of the downward move from the $255 swing high to the $206 low. Any further gains could lead the price toward the $250 resistance zone.<\/p>\n

Downside Break in BCH?<\/h2>\n

If Bitcoin Cash price fails to clear the $217 resistance, it could continue to move down. Initial support on the downside is near the $205 level.<\/p>\n

The next major support is near the $200 level, where the bulls are likely to appear. If the price fails to stay above the $200 support, the price could test the $184 support. Any further losses could lead the price toward the $162 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 bearish zone.<\/p>\n

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

Key Support Levels \u2013 $205 and $200.<\/p>\n

Key Resistance Levels \u2013 $217 and $232.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Bitcoin Cash price is holding the key $205 support against the US Dollar. BCH could start a fresh increase if it stays above the $205 and $200 support levels.<\/em><\/p>\n

Bitcoin cash price started a fresh decline below the $230 level against the US Dollar.
\nThe price is trading below $220 and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $217 on the 4-hour chart of the BCH\/USD pair (data feed from Kraken).
\nThe pair could start a fresh increase unless there is a move below $200.<\/p>\n

Bitcoin Cash Price Holds Support<\/h2>\n

In the past few days, Bitcoin Cash price saw a steady decline from the $255 resistance zone<\/a>. BCH declined below the $232 support to enter a short-term bearish zone, like Bitcoin and Ethereum<\/a>.<\/p>\n

The bears were able to push the price below the $220 support. Finally, the price found support near the $205 zone (a multi-touch zone). A low has formed near $206.59 and the price is now consolidating losses. It seems like there is a key bearish trend line forming with resistance near $217 on the 4-hour chart of the BCH\/USD pair.<\/p>\n

Bitcoin Cash is now trading below $220 and the 100 simple moving average (4 hours). Immediate resistance is near the $217 level and the trend line. It is close to the 23.6% Fib retracement level of the downward move from the $255 swing high to the $206 low.<\/p>\n

<\/a><\/p>\n

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

The next major resistance is near $228 or the 100 simple moving average (4 hours). The next major resistance is near the $232 level. It is close to the 50% Fib retracement level of the downward move from the $255 swing high to the $206 low. Any further gains could lead the price toward the $250 resistance zone.<\/p>\n

Downside Break in BCH?<\/h2>\n

If Bitcoin Cash price fails to clear the $217 resistance, it could continue to move down. Initial support on the downside is near the $205 level.<\/p>\n

The next major support is near the $200 level, where the bulls are likely to appear. If the price fails to stay above the $200 support, the price could test the $184 support. Any further losses could lead the price toward the $162 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 bearish zone.<\/p>\n

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

Key Support Levels \u2013 $205 and $200.<\/p>\n

Key Resistance Levels \u2013 $217 and $232.<\/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-30807","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\/30807","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=30807"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30807\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=30807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=30807"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=30807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}