{"id":168646,"date":"2023-10-05T11:17:59","date_gmt":"2023-10-05T05:47:59","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=168646"},"modified":"2023-10-05T11:17:59","modified_gmt":"2023-10-05T05:47:59","slug":"bitcoin-cash-price-wont-go-down-quietly-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-cash-price-wont-go-down-quietly-crypto-news\/","title":{"rendered":"Bitcoin Cash Price Won&#8217;t Go Down Quietly &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>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.<\/em><\/p>\n<ul>\n<li>Bitcoin cash price is showing positive signs above the $220 level against the US Dollar.<\/li>\n<li>The price is trading above $220 and the 100 simple moving average (4 hours).<\/li>\n<li>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).<\/li>\n<li>The pair could start a fresh increase unless there is a move below $220.<\/li>\n<\/ul>\n<h2>Bitcoin Cash Price Holds Support<\/h2>\n<p>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 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-restart-increase-28000\/\">Bitcoin<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-recovery-hurdle-1665\/\">Ethereum<\/a>.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?resize=1024%2C468\"><\/a><\/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>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.<\/p>\n<h2>Downside Break in BCH?<\/h2>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>Technical indicators<\/p>\n<p>4-hour MACD \u2013 The MACD for BCH\/USD is losing pace in the bullish zone.<\/p>\n<p>4-hour RSI (Relative Strength Index) \u2013 The RSI is currently below the 50 level.<\/p>\n<p>Key Support Levels \u2013 $225 and $220.<\/p>\n<p>Key Resistance Levels \u2013 $236 and $244.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":168647,"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-168646","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\/168646","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=168646"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/168646\/revisions"}],"predecessor-version":[{"id":168648,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/168646\/revisions\/168648"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/168647"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=168646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=168646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=168646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}