{"id":33646,"date":"2023-12-04T05:52:35","date_gmt":"2023-12-04T09:52:35","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=33646"},"modified":"2023-12-04T05:52:35","modified_gmt":"2023-12-04T09:52:35","slug":"bitcoin-cash-price-pumps-over-10-but-255-is-the-key-to-more-gains","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/12\/04\/bitcoin-cash-price-pumps-over-10-but-255-is-the-key-to-more-gains\/","title":{"rendered":"Bitcoin Cash Price Pumps Over 10% But $255 Is The Key To More Gains"},"content":{"rendered":"

Bitcoin Cash price rallied over 10% and broke the $245 resistance. BCH is now facing strong resistance near the $255 zone.<\/em><\/p>\n

Bitcoin cash price started a fresh surge above the $232 resistance.
\nThe price is trading above $245 and the 100 simple moving average (4 hours).
\nThere was a break above a key bearish trend line with resistance near $225 on the 4-hour chart of the BCH\/USD pair (data feed from Kraken).
\nThe pair could continue to move up if it clears the $255 resistance zone.<\/p>\n

Bitcoin Cash Price Rallies Above $250<\/h2>\n

After forming a base above the $220 level, Bitcoin Cash price started a steady increase. It broke the $225 resistance to enter a positive zone, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a break above a key bearish trend line with resistance near $225 on the 4-hour chart of the BCH\/USD pair. There was a strong increase above the $232 and $245 resistance levels. The price is up over 10% and it is now testing the $255 resistance.<\/p>\n

BCH is now showing positive signs above $245 and the 100 simple moving average (4 hours). It is also above the 23.6% Fib retracement level of the upward move from the $219 swing low to the $255 high.<\/p>\n

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

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

The price is now struggling to clear the $255 resistance. To continue higher, the price must settle above $255. The next major resistance is near $265, above which the price might accelerate higher toward the $280 level. Any further gains could lead the price toward the $300 resistance zone.<\/p>\n

Fresh Drop in BCH?<\/h2>\n

If Bitcoin Cash price fails to clear the $255 resistance, it could start a fresh decline. Initial support on the downside is near the $245 level.<\/p>\n

The next major support is near the $232 level or the 61.8% Fib retracement level of the upward move from the $219 swing low to the $255 high, where the bulls are likely to appear. If the price fails to stay above the $232 support, the price could test the $225 support. Any further losses could lead the price toward the $220 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 in the overbought zone.<\/p>\n

Key Support Levels \u2013 $245 and $232.<\/p>\n

Key Resistance Levels \u2013 $255 and $265.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Bitcoin Cash price rallied over 10% and broke the $245 resistance. BCH is now facing strong resistance near the $255 zone.<\/em><\/p>\n

Bitcoin cash price started a fresh surge above the $232 resistance.
\nThe price is trading above $245 and the 100 simple moving average (4 hours).
\nThere was a break above a key bearish trend line with resistance near $225 on the 4-hour chart of the BCH\/USD pair (data feed from Kraken).
\nThe pair could continue to move up if it clears the $255 resistance zone.<\/p>\n

Bitcoin Cash Price Rallies Above $250<\/h2>\n

After forming a base above the $220 level, Bitcoin Cash price started a steady increase. It broke the $225 resistance to enter a positive zone, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a break above a key bearish trend line with resistance near $225 on the 4-hour chart of the BCH\/USD pair. There was a strong increase above the $232 and $245 resistance levels. The price is up over 10% and it is now testing the $255 resistance.<\/p>\n

BCH is now showing positive signs above $245 and the 100 simple moving average (4 hours). It is also above the 23.6% Fib retracement level of the upward move from the $219 swing low to the $255 high.<\/p>\n

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

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

The price is now struggling to clear the $255 resistance. To continue higher, the price must settle above $255. The next major resistance is near $265, above which the price might accelerate higher toward the $280 level. Any further gains could lead the price toward the $300 resistance zone.<\/p>\n

Fresh Drop in BCH?<\/h2>\n

If Bitcoin Cash price fails to clear the $255 resistance, it could start a fresh decline. Initial support on the downside is near the $245 level.<\/p>\n

The next major support is near the $232 level or the 61.8% Fib retracement level of the upward move from the $219 swing low to the $255 high, where the bulls are likely to appear. If the price fails to stay above the $232 support, the price could test the $225 support. Any further losses could lead the price toward the $220 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 in the overbought zone.<\/p>\n

Key Support Levels \u2013 $245 and $232.<\/p>\n

Key Resistance Levels \u2013 $255 and $265.<\/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-33646","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\/33646","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=33646"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33646\/revisions"}],"predecessor-version":[{"id":33658,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33646\/revisions\/33658"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=33646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=33646"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=33646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}