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

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin Cash	BCHUSD	Crypto	7,380,970,725	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin Cash

BCHUSD

Crypto

7,380,970,725

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	3.47	0.93%	377.23	377.16	377.31

Price Change

Price Change %

Current Price

Bid Price

Offer

3.47

0.93%

377.23

377.16

377.31

High Price	Low Price	Open Price	Prev. Close	52 Week Range
379.68	369.49	373.41	373.76	164.16 - 719.43

High Price

Low Price

Open Price

Prev. Close

52 Week Range

379.68

369.49

373.41

373.76

164.16 - 719.43

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:34:03	0.104912	377.23	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

12:34:03

0.104912

377.23

USD

Price x Volume	Volume	Base Symbol	Related Pairs
3,050,449.61	8,140.77	BCH	BCHEUR	BCHGBP	BCHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

3,050,449.61

8,140.77

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

04/12/2023 5:28am

NEWSBTC

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). There was a break above a key bearish trend line with resistance near $225 on the 4-hour chart of the BCH/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $255 resistance zone. Bitcoin Cash Price Rallies Above $250 After forming a base above the $220 level, Bitcoin Cash price started a steady increase. It broke the $225 resistance to enter a positive zone, like Bitcoin and Ethereum. There was a break above a key bearish trend line with resistance near $225 on the 4-hour chart of the BCH/USD pair. There was a strong increase above the $232 and $245 resistance levels. The price is up over 10% and it is now testing the $255 resistance. BCH is now showing positive signs above $245 and the 100 simple moving average (4 hours). It is also above the 23.6% Fib retracement level of the upward move from the $219 swing low to the $255 high. Source: BCH/USD on TradingView.com The price is now struggling to clear the $255 resistance. To continue higher, the price must settle above $255. The next major resistance is near $265, above which the price might accelerate higher toward the $280 level. Any further gains could lead the price toward the $300 resistance zone. Fresh Drop in BCH? If Bitcoin Cash price fails to clear the $255 resistance, it could start a fresh decline. Initial support on the downside is near the $245 level. The next major support is near the $232 level or the 61.8% Fib retracement level of the upward move from the $219 swing low to the $255 high, where the bulls are likely to appear. If the price fails to stay above the $232 support, the price could test the $225 support. Any further losses could lead the price toward the $220 zone in the near term. Technical indicators 4-hour MACD – The MACD for BCH/USD is gaining pace in the bullish zone. 4-hour RSI (Relative Strength Index) – The RSI is currently in the overbought zone. Key Support Levels – $245 and $232. Key Resistance Levels – $255 and $265.

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BCHUSD Bitcoin Cash