Bitcoin Cash Price (BCH) Is Sliding and Here Is Why It Could Tumble

2020-1-23 16:47

After a strong upward move, bitcoin cash price formed a top near the $405.00 area. Recently, BCH to USD started a downside correction and it is now at a risk of more losses below $335.00.

Key Takeaways: BCH/USD Bitcoin cash price is slowly declining and it is now trading below the $350.00 support against the US Dollar. BCH/USD is struggling to stay above a major bullish trendline with support near $335.00 on the 2-hours chart (data feed from Bitstamp). Bitcoin is also sliding and it might soon break the $8,300 support area in the near term. Bitcoin Cash Price Analysis

This week, bitcoin cash price started a downside correction from the $404.09 high. BCH price traded below many supports such as $380.00 and $365.00. Moreover, the bears were able to push the price below $350.00.

Looking at the 2-hours chart, bitcoin cash settled below the $350.00 level and 50 simple moving average (2-hours, purple). Finally, the price spiked below $330.00 and traded as low as $319.47.

It recovered a few points recently above the 23.6% Fib retracement level of the latest slide from $404.09 to $319.47. The price even climbed above $340.00, but it struggled to gain momentum above the $350.00 level and the 50 simple moving average (2-hours, purple).

It remained well below the 50% Fib retracement level of the latest slide from $404.09 to $319.47. At the moment, it seems like bitcoin cash price is struggling to stay above a major bullish trendline with support near $335.00 on the 2-hours chart.

If the price slides below the trend line support, it could revisit the $310.00 support level. Any further losses may perhaps start a major decline towards the $280.00 level in the near term.

Conversely, the price might start a fresh increase above the $340.00 and $350.00 resistance levels. A successful close above the $350.00 resistance area could encourage the bulls to push the price above the $365.00 and $370.00 levels.

Overall, the price is trading near a couple of key supports and it could either slide towards $300.00 and surge above $350.00.

Live Bitcoin Cash (BCH) Price: 1 BCH/USD =$335.2029 change ~ -2.14%

Coin Market Cap

$6.11 Billion

24 Hour Volume

$249.5 Million

24 Hour VWAP

$341

24 Hour Change

$-7.1677 var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~BCH~USD");

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68347.26 (+0.01%)
Объем 24H $27.555b
Изменеия 24h: 0.90 %, 7d: 1.64 %
Cегодня L: $68231.03 - H: $68598.46
Капитализация $1346.844b Rank 1
Цена в час новости $ 8351.7 (718.36%)

bitcoin price bch cash usd below losses

Источник: bitcoinexchangeguide.com

bitcoin price → Результатов: 126


Bitcoin Price Prediction: Expert Spotlights “Very Good” BTC Buying Opportunity Amid Ethereum (ETH) ETF Frenzy – Here’s His Outook

Bitcoin’s price trajectory remains a topic of intense speculation, with analysts closely monitoring market patterns and key events. In a video analysis, top analyst Crypto Rover delved into Bitcoin’s price trends, potential breakout scenarios, and the impact of the upcoming Ethereum spot ETF decision.

2024-5-20 18:30


Bitcoin Price Trajectory: Is a Major Shift Looming? Expert Highlights These Key BTC Trends

Bitcoin, the world’s largest cryptocurrency, finds itself in a precarious position as it approaches the weekly closure, threatening to register its fourth consecutive red candle. This rare occurrence has sparked concerns within the crypto community, prompting experts like Sjuul of AltCryptoGems to analyze Bitcoin’s price action on higher timeframes.

2024-4-28 19:30


Bitcoin (BTC) price prediction after breaching $72k

Bitcoin price forecast points to a possible $82,000. Ten days remain to the much anticipated Bitcoin halving event. Kangamoon, a new meme coin, has raised over $4M in its ongoing presale taking advantage of the crypto hype created by Bitcoin’s price surge Bitcoin (BTC) has been making significant waves in the cryptocurrency market, with its […] The post Bitcoin (BTC) price prediction after breaching $72k appeared first on CoinJournal.

2024-4-8 15:15


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru