Bitcoin Cash Price Analysis: BCH/USD Crash Could Gain Pace Below $400

2018-11-15 10:30

Key Points

Bitcoin cash price crashed and declined more than $100 towards the $400 level against the US Dollar. There is a major bearish trend line in place with resistance at $470 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently consolidating above the $400 level and it could correct a few points in the near term.

Bitcoin cash price declined heavily below $450 against the US Dollar. BCH/USD tested the $400 support and it is currently consolidating losses.

Bitcoin Cash Price Analysis

Yesterday, we discussed chances of more declines below the $500 support in bitcoin cash price against the US Dollar. The BCH/USD pair did move down and broke the $500 and $480 support levels. The decline was nasty as the price dropped by around $100 and traded close to the $400 support. A new low was formed at $404 and the price is currently consolidating losses.

An initial resistance on the upside is $435. It represents the 23.6% Fib retracement level of the recent decline from the $538 high to $404 low. At the moment, it seems like a decent recovery is very unlikely above $435 and $440. Above $440, there is a major bearish trend line in place with resistance at $470 on the hourly chart of the BCH/USD pair. It also coincides with the 50% Fib retracement level of the recent decline from the $538 high to $404 low. On the other hand, if the price continues to move down, it could break the $400 support.

Looking at the chart, BCH price remains in a major downtrend below the $470 and $500 resistances. If sellers push the price below $400, there could be another sharp decline towards $350.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is slowly moving in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is moving higher toward the 40 level.

Major Support Level – $400

Major Resistance Level – $435

The post Bitcoin Cash Price Analysis: BCH/USD Crash Could Gain Pace Below $400 appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin Cash (BCH) на Currencies.ru

$ 429.03 (-0.01%)
Объем 24H $234.097m
Изменеия 24h: -1.04 %, 7d: -6.92 %
Cегодня L: $426.75 - H: $432.74
Капитализация $8.454b Rank 15
Цена в час новости $ 440.31 (-2.56%)

bitcoin bch usd cash price level pair

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).