{"id":154126,"date":"2023-09-12T10:40:14","date_gmt":"2023-09-12T05:10:14","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=154126"},"modified":"2023-09-12T10:40:14","modified_gmt":"2023-09-12T05:10:14","slug":"bitcoin-cash-price-signals-fresh-increase-despite-weakness-in-btc-and-eth-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-cash-price-signals-fresh-increase-despite-weakness-in-btc-and-eth-crypto-news\/","title":{"rendered":"Bitcoin Cash Price Signals Fresh Increase Despite Weakness in BTC and ETH &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>Bitcoin Cash price is holding the key $180 support against the US Dollar. BCH seems to be aiming for a fresh increase toward the $205 and $220 levels.<\/em><\/p>\n<ul>\n<li>Bitcoin cash price is showing positive signs above the $180 level against the US Dollar.<\/li>\n<li>The price is trading below $200 and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break above a major bearish trend line with resistance near $189 on the 4-hour chart of the BCH\/USD pair (data feed from Kraken).<\/li>\n<li>The pair is likely to accelerate higher if it clears $197 and $200.<\/li>\n<\/ul>\n<h2>Bitcoin Cash Price Aims Higher<\/h2>\n<p>In the past few days, Bitcoin Cash price saw a steady decline below $205. BCH even traded below the $195 level, but the downsides were limited compared to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-bearish-25600\/\">Bitcoin<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-capped-1620\/\">Ethereum<\/a>.<\/p>\n<p>The price remained well-bid near the key $180 support. A low has formed near $180 and the price is now attempting a fresh increase. It broke the $185 level. There was a break above a major bearish trend line with resistance near $189 on the 4-hour chart of the BCH\/USD pair.<\/p>\n<p>The price is now testing the 23.6% Fib retracement level of the downward move from the $238 swing high to the $180 low. However, Bitcoin Cash is now trading below $200 and the 100 simple moving average (4 hours).<\/p>\n<p>Immediate resistance is near the $197 level and the 100 simple moving average (4 hours). The next major resistance is near $205 or the 50% Fib retracement level of the downward move from the $238 swing high to the $180 low.<\/p>\n<\/p>\n<p>Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BCHUSD\/\">BCH\/USD on TradingView.com<\/a><\/p>\n<p>Any further gains could lead the price toward the $220 and $225 resistance levels in the near term. The next major hurdle is near the $240 level.<\/p>\n<h2>Dips Supported in BCH?<\/h2>\n<p>If Bitcoin Cash price fails to clear the $205 resistance, it could start a fresh decline. Initial support on the downside is near the $185 level.<\/p>\n<p>The next major support is near the $180 level, where the bulls are likely to appear. If the price fails to stay above the $180 support, the price could test the $168 support. Any further losses could lead the price toward the $150 zone in the near term.<\/p>\n<p>Technical indicators<\/p>\n<p>4-hour MACD \u2013 The MACD for BCH\/USD is gaining pace in the bullish zone.<\/p>\n<p>4-hour RSI (Relative Strength Index) \u2013 The RSI is currently above the 50 level.<\/p>\n<p>Key Support Levels \u2013 $185 and $180.<\/p>\n<p>Key Resistance Levels \u2013 $197 and $205.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Cash price is holding the key $180 support against the US Dollar. BCH seems to be aiming for a fresh increase toward the $205 and $220 levels. Bitcoin cash price is showing positive signs above the $180 level against the US Dollar. The price is trading below $200 and the 100 simple moving average [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":154127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-154126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=154126"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154126\/revisions"}],"predecessor-version":[{"id":154128,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154126\/revisions\/154128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/154127"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=154126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=154126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=154126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}