Bitcoin Cash Price Analysis: BCH/USD Extending Losses Towards $500

2018-11-12 07:28

Key Points

Bitcoin cash price failed to recover above $550 and declined recently against the US Dollar. There is a crucial bearish trend line formed with resistance at $535 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to remain in a bearish zone and it could slide towards the $500 support.

Bitcoin cash price is under pressure below $550 against the US Dollar. BCH/USD could accelerate losses towards the $500 and $480 support levels.

Bitcoin Cash Price Analysis

There was a slow and steady decline initiated from well above $600 in bitcoin cash price against the US Dollar. The BCH/USD pair broke the $580 and $550 support levels to move into a bearish zone. The decline was such that there was a close below the $550 support and the 100 hourly simple moving average. The price recently traded below the $521 low and formed a new low at $510.

Later, there was a minor upside correction above $520. The price traded above the 23.6% Fib retracement level of the recent decline from the $561 high to $510 low. However, the price struggled to move above the $525-530 resistance. There is also a crucial bearish trend line formed with resistance at $535 on the hourly chart of the BCH/USD pair. Above the trend line, the 50% Fib retracement level of the recent decline from the $561 high to $510 low is a major hurdle near the $536 level. Therefore, a proper close above the $535 and $540 levels is required for a decent recovery.

Looking at the chart, BCH price is clearly at a risk of more slides towards the $500 support as long as it is below $540 and $550.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is mostly placed in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently well below the 50 level with a bearish angle.

Major Support Level – $500

Major Resistance Level – $540

The post Bitcoin Cash Price Analysis: BCH/USD Extending Losses Towards $500 appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69144.23 (-0.03%)
Объем 24H $15.17b
Изменеия 24h: 0.75 %, 7d: 3.26 %
Cегодня L: $69061.81 - H: $69332.64
Капитализация $1362.391b Rank 1
Цена в час новости $ 6363.11 (986.64%)

bitcoin bch usd cash price pair bearish

Источник: newsbtc.com

bitcoin bch → Результатов: 126


Аналитик ARK Invest обратил внимание на плачевное состояние сети Bitcoin Cash

Сеть Bitcoin Cash (BCH) пребывает в катастрофическом положении, так считает аналитик компании ARK Invest Яссин Эльманджра. Он разместил пост в Твиттере, в котором подчеркнул, что в последнее время усилились риски атаки на блокчейн BCH.

2020-5-26 16:12


Фото:

После халвинга Bitcoin Cash начал заметно дорожать

Интересный эффект наблюдается в отношении Bitcoin SV. 8 апреля в блокчейне Bitcoin Cash cостоялся первый в истории этого хардфорка биткоина халвинг. Награда майнерам в ближайшие четыре года будет составлять теперь вместо 12,5 BCH всего 6,25 BCH, то есть в два раза меньше, чем прежде.

2020-4-8 19:44


Фото:

Bitcoin Cash Multi-Party Escrow, Retail Adoption, and Upgrade Discussions

Another week has passed for the Bitcoin Cash (BCH) community and as usual, there’s been a bunch of announcements and developments. BCH supporters this week saw the release of a multi-party onchain escrow system, Ethereum cofounder Vitalik Buterin discussed using the BCH chain as a data layer, and more BCH-accepting merchants were onboarded.

2019-7-16 00:56


Фото:

Why Bitcoin Maximalists Ignore the Value Proposition of BCH

Some crypto companies keep wilfully ignoring BCH. Let’s compare the coins and see if BCH haters rail against Bitcoin Cash on purpose or simply due to a lack of understanding. Also read: Bitcoin and Black Market Fiat: Hyperinflation Crushes Venezuela as Global Devaluation Ramps Up Bitcoin Scaling and the Block Size Debate When BTC surged […] The post Why Bitcoin Maximalists Ignore the Value Proposition of BCH appeared first on Bitcoin News.

2019-7-7 10:13


Сайт Роджера Вера присвоил Bitcoin Cash цену биткоина до хардфорка 2017 года

Bitcoin Cash (BCH) оправдывает утверждение «имитация — лучшая форма лести» после недавнего обновления сайта Bitcoin. com. Давно известно, что владелец сайта и главный сторонник BCH Роджер Вер часто критикует биткоин с целью присвоить альткоину звание единственной истинной «системы электронной наличности».

2019-6-18 17:46


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Cash successfully completes halving, price leaps to its highest since 2021

Bitcoin Cash experienced a notable surge, soaring over 10% following the completion of the blockchain’s network halving. The digital asset, which has been on a consistent upward trajectory since the year began, has witnessed a remarkable 23% surge over the past week and an impressive 43% upswing in the last 30 days, according to data […] The post Bitcoin Cash successfully completes halving, price leaps to its highest since 2021 appeared first on CryptoSlate.

Bitcoin Cash Price Pumps Over 10% But $255 Is The Key To More Gains

Bitcoin Cash price rallied over 10% and broke the $245 resistance. BCH is now facing strong resistance near the $255 zone. Bitcoin cash price started a fresh surge above the $232 resistance. The price is trading above $245 and the 100 simple moving average (4 hours).