Bitcoin Cash Price Analysis: BCH/USD Resumes Its Slide

2018-6-29 07:08

Key Points

·         Bitcoin cash price declined further and moved to a new monthly low at $650 against the US Dollar.

·         There is a new connecting bearish trend line formed with resistance near $690 on the hourly chart of the BCH/USD pair (data feed from Kraken).

·         The pair is likely to extend losses towards the $640 and $630 levels in the near term.

Bitcoin cash price is back in a downtrend below $700 against the US Dollar. BCH/USD may perhaps continue to decline towards the $630 level if sellers remain in action.

Bitcoin Cash Price Resistance

There was a fresh downside wave initiated from the $780 swing high in bitcoin cash price against the US Dollar. The BCH/USD pair failed to gain traction, moved down, and broke a few important supports such as $750 and $700. The decline was such that the price even broken the 76.4% Fib retracement level of the last leg from the $665 swing low to $780 high.

It resulted in more losses below the $665 swing low and the price traded to a new low near $650. It seems like the price may continue to move down towards the $640 and $630 levels. The next target could be the 1.236 fib extension level of the last leg from the $665 swing low to $780 high. Further below this, the price may even test the $620 support zone. On the upside, an initial resistance is near the $680 level. There is also a new connecting bearish trend line formed with resistance near $690 on the hourly chart of the BCH/USD pair.

Looking at the chart, the price remains in a major downtrend below $700. If there is no recovery sooner or later, the price may even test the $600 handle.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is now near the oversold levels.

Major Support Level – $630

Major Resistance Level – $690

The post Bitcoin Cash Price Analysis: BCH/USD Resumes Its Slide appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95511.06 (-0.52%)
Объем 24H $40.946b
Изменеия 24h: -1.38 %, 7d: -7.45 %
Cегодня L: $95217.68 - H: $97458.26
Капитализация $1891.095b Rank 1
Доступно / Всего 19.8m BTC / 21m BTC

bitcoin usd bch price cash pair new

Источник: newsbtc.com

bitcoin usd → Результатов: 73


Анализ цен Bitcoin, Ethereum, XRP на 27.10.2021

Сегодня ночью медведи вернули цену Bitcoin к поддержке 60000. 00 USD. BTC/USD Вчера утром откат цены Bitcoin продолжился к четырёхчасовой скользящей средней EMA55. Днём, в области средних цен, проходила позиционная борьба, а к завершению дня, используя численное преимущество, медведи откатили пару к психологическому уровню 60000.

2021-10-28 08:38


Анализ цен Bitcoin, Ethereum, XRP на 26.08.2021

После недельного минимума цена Bitcoin пытается восстановиться, но прессинг со стороны продавцов не прекращается. BTC/USD Вчера в первой половине дня медвежий импульс пробил уровень 61. 8% фибо (47745.

2021-8-26 11:04


Bitcoin Price Analysis BTC / USD: $13,000 Rat Poison

Bitcoin has a bullish short-term bias, with the cryptocurrency trading at its highest level since January 2018 Technical indicators on the four-hour time frame show that the BTC / USD pair is extremely overbought The daily time frame shows that bulls have now triggered a huge inverted head and shoulders pattern Bitcoin / USD Short-term […] The post Bitcoin Price Analysis BTC / USD: $13,000 Rat Poison appeared first on Crypto Briefing.

2019-6-27 17:06


Bitcoin Price Analysis BTC / USD: Battle Of The Traders

Bitcoin has a short-term bullish bias, with the cryptocurrency once again hold price above its 200-period moving average on the four-hour time frame The BTC / USD pair needs to break above neckline resistance at $8,500 The daily time frame continues to show that the $10,000 level remains a valid bullish target Bitcoin / USD […] The post Bitcoin Price Analysis BTC / USD: Battle Of The Traders appeared first on Crypto Briefing.

2019-6-14 16:02


Bitcoin Price Analysis BTC / USD: Correction Doesn’t Invalidate Trend

Bitcoin has started to correct lower in short-term after buying interest above the $8,000 level began to wane The four-hour time frame is currently showing a bearish head and shoulders pattern Both the four-hour and daily time frame still remain technically bullish Bitcoin / USD Short-term price analysis Bitcoin has a bullish short-term trading outlook, […] The post Bitcoin Price Analysis BTC / USD: Correction Doesn’t Invalidate Trend appeared first on Crypto Briefing.

2019-5-17 16:27


Фото:

Bitcoin вернулся к повышению

Автор: Дмитрий Гурковский, ведущий аналитик RoboForex Главная криптовалюта продолжает рост. Днем в четверг, 18 апреля, основные торги вяжутся около 5254,28 USD. Bitcoin временно стал валютой в Швеции BTC может помочь миру бороться с рецессией Bitcoin будет стоить 1 млн USD к 2020 году – Макафи Хакеры взломали официальный Twitter партии власти в Швеции, где написали, […]

2019-4-18 15:50


Bitcoin / USD Technical Analysis: Critical Round

Bitcoin has a bullish short-term outlook, with the BTC / USD pair regaining bullish momentum above the $5,100 level The four-hour time frame shows a bearish head and shoulders pattern The Ichimoku indicator on daily time frame is showing that the $5,200 level is an important pivot Bitcoin / USD Short-term price analysis Bitcoin has […] The post Bitcoin / USD Technical Analysis: Critical Round appeared first on Crypto Briefing.

2019-4-18 17:12


Фото:

Bitcoin все еще ищет минимумы

К четвергу, 13 декабря, Bitcoin вернулся под давление и торгуется по 3463 USD, сообщает Дмитрий Гурковский, ведущий аналитик RoboForex. Чтобы определить среднесрочные настроения участников торгов по Bitcoin (BTC/USD), необходимо проанализировать график динамики на 4-часовом таймфрейме.

2018-12-13 15:16


XRP/USD, BTC/USD Price Analysis: Ripple Bullish as Bitcoin Steady above $6,000

Latest Bitcoin News As the industry grow, regulation is important even if Bitcoin and other blockchain projects agitate for complete decentralization and decoupling from government influence. But when reality sets in and advocates realize that the industry can’t get away with fiat if liquidity and volatility is to reign then the importance of Business Growth.

2018-11-10 05:15


Фото:

Financial Expert Pinpoints Signs Confirming Bullish Bitcoin Sentiment

Chris Kline, co-founder and COO at Bitcoin IRA, identifies the signs that lead him to predict Bitcoin price will reach USD $40,000 in the next few months. Kline: Bitcoin Price Might Surpass USD $40,000 by the End of 2018 Bitcoin’s (BTC) sustained steady rise towards the USD $7,000 price mark is causing investors to pore over data trying to identify indicators that can confirm whether the bearish trend is now reversing course.

2018-9-25 04:00


Big Think Media Publication Says Bitcoin Mainstream Adoption is Closer Than Ever Before

2017 marked the year for cryptocurrencies, as Bitcoin’s price jumped from USD$970 to over USD$19,000, which is approximately a growth of 1900%. Unfortunately, similar trends were not successfully carried over to 2018, as Bitcoin dropped to a third of its all-time high, with both altcoins and the total market capitalization getting hard hits. A recent […]

2018-8-27 19:45


Bitcoin breaches $8000 USD. Bull run imminent?

Bitcoin, despite sell-offs over the weekend, has regained its value and has soared past the $8,000 USD mark today. Over the weekend, because of massive sell-offs in the market, Bitcoin lost 3% of its value over the course of Sunday, however since the beginning of this week, Bitcoin is back and after having gained almost The post Bitcoin breaches $8000 USD. Bull run imminent? appeared first on ItsBlockchain.

2018-7-24 12:12


дальше еще 24 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Spanish City Lebrija Launches Local Virtual Currency ‘Elio’

The city council of Lebrija has created a virtual currency ‘Elio’ that can only be used for payments made to small and medium businesses, according to a report by Diario de Sevilla. Read more: Spain’s Second-Largest Bank Will Soon Launch Crypto Services: Sources

Bitcasino Announces XRP Support, Bringing Fast Transactions and Low Fees to the Game

Bitcoin Press Release: Leading bitcoin casino Bitcasino has added support for the third largest cryptocurrency XRP, allowing all platform users to bet with ripple.    16 April 2020 – The world’s first licensed Bitcoin-led casino operator, Bitcasino, now accepts Ripple payments, making XRP the next cryptocurrency to enjoy the casino’s wide range of games.