Bitcoin Cash Price Won’t Go Down Quietly – Risk of Bounce Grows

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin Cash	BCHUSD	Crypto	8,898,623,271	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin Cash

BCHUSD

Crypto

8,898,623,271

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	4.56	1.02%	452.77	453.08	453.16

Price Change

Price Change %

Current Price

Bid Price

Offer

4.56

1.02%

452.77

453.08

453.16

High Price	Low Price	Open Price	Prev. Close	52 Week Range
456.10	447.92	448.34	448.21	90.34 - 719.43

High Price

Low Price

Open Price

Prev. Close

52 Week Range

456.10

447.92

448.34

448.21

90.34 - 719.43

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	05:43:46	0.900000	452.77	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

05:43:46

0.900000

452.77

USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,087,210.41	2,401.44	BCH	BCHEUR	BCHGBP	BCHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

1,087,210.41

2,401.44

Bitcoin Cash Price Won’t Go Down Quietly – Risk of Bounce Grows

05/10/2023 6:43am

NEWSBTC

Bitcoin Cash price is holding the key $220 support against the US Dollar. BCH seems to be aiming for a fresh increase unless there is a move below $220. Bitcoin cash price is showing positive signs above the $220 level against the US Dollar. The price is trading above $220 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support near $238 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 $220. 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 $240 support to enter a short-term bearish zone, like Bitcoin and Ethereum. The price declined below the 50% Fib retracement level of the upward move from the $203 swing low to the $255 high. Besides, there was a break below a key bullish trend line with support near $238 on the 4-hour chart of the BCH/USD pair. However, the bulls were active above the $220 support. The price found support near the 61.8% Fib retracement level of the upward move from the $203 swing low to the $255 high. Bitcoin Cash is now trading above $220 and the 100 simple moving average (4 hours). Immediate resistance is near the $236 level. The next major resistance is near $244. Any further gains could lead the price toward the $250 resistance zone. Source: BCH/USD on TradingView.com The next major hurdle is near the $262 level, above which BCH might start a decent increase toward the $280 level or $288 in the coming days. Downside Break in BCH? If Bitcoin Cash price fails to clear the $244 resistance, it could start a fresh decline. Initial support on the downside is near the $225 level. The next major support is near the $220 level, where the bulls are likely to appear. If the price fails to stay above the $220 support, the price could test the $212 support. Any further losses could lead the price toward the $200 zone in the near term. Technical indicators 4-hour MACD – The MACD for BCH/USD is losing pace in the bullish zone. 4-hour RSI (Relative Strength Index) – The RSI is currently below the 50 level. Key Support Levels – $225 and $220. Key Resistance Levels – $236 and $244.

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BCHUSD Bitcoin Cash