Bitcoin Cash Price Prediction: This Support Could Trigger Fresh BCH Rally

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin Cash	BCHUSD	Crypto	8,807,061,116	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin Cash

BCHUSD

Crypto

8,807,061,116

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.840	-0.19%	447.37	447.31	447.43

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.840

-0.19%

447.37

447.31

447.43

High Price	Low Price	Open Price	Prev. Close	52 Week Range
456.10	443.93	448.34	448.21	90.34 - 719.43

High Price

Low Price

Open Price

Prev. Close

52 Week Range

456.10

443.93

448.34

448.21

90.34 - 719.43

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	11:10:32	0.550000	447.37	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

11:10:32

0.550000

447.37

USD

Price x Volume	Volume	Base Symbol	Related Pairs
2,308,781.23	5,116.59	BCH	BCHEUR	BCHGBP	BCHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

2,308,781.23

5,116.59

Bitcoin Cash Price Prediction: This Support Could Trigger Fresh BCH Rally

11/10/2023 6:28am

NEWSBTC

Bitcoin Cash price is holding the key $205 support against the US Dollar. BCH could start a fresh increase if it stays above the $205 and $200 support levels. Bitcoin cash price started a fresh decline below the $230 level against the US Dollar. The price is trading below $220 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $217 on the 4-hour chart of the BCH/USD pair (data feed from Kraken). The pair could start a fresh increase unless there is a move below $200. Bitcoin Cash Price Holds Support In the past few days, Bitcoin Cash price saw a steady decline from the $255 resistance zone. BCH declined below the $232 support to enter a short-term bearish zone, like Bitcoin and Ethereum. The bears were able to push the price below the $220 support. Finally, the price found support near the $205 zone (a multi-touch zone). A low has formed near $206.59 and the price is now consolidating losses. It seems like there is a key bearish trend line forming with resistance near $217 on the 4-hour chart of the BCH/USD pair. Bitcoin Cash is now trading below $220 and the 100 simple moving average (4 hours). Immediate resistance is near the $217 level and the trend line. It is close to the 23.6% Fib retracement level of the downward move from the $255 swing high to the $206 low. Source: BCH/USD on TradingView.com The next major resistance is near $228 or the 100 simple moving average (4 hours). The next major resistance is near the $232 level. It is close to the 50% Fib retracement level of the downward move from the $255 swing high to the $206 low. Any further gains could lead the price toward the $250 resistance zone. Downside Break in BCH? If Bitcoin Cash price fails to clear the $217 resistance, it could continue to move down. Initial support on the downside is near the $205 level. The next major support is near the $200 level, where the bulls are likely to appear. If the price fails to stay above the $200 support, the price could test the $184 support. Any further losses could lead the price toward the $162 zone in the near term. Technical indicators 4-hour MACD – The MACD for BCH/USD is losing pace in the bearish zone. 4-hour RSI (Relative Strength Index) – The RSI is currently below the 50 level. Key Support Levels – $205 and $200. Key Resistance Levels – $217 and $232.

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BCHUSD Bitcoin Cash