Bitcoin Cash Price Analysis: BCH/USD Consolidating Near $500

Key Points Bitcoin cash price stayed above the $496 swing low and consolidated against the US Dollar. There was a break above a key bearish trend line with resistance at $510 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair struggled to move above the $530 resistance and the 100 hourly simple moving average. Bitcoin cash price mostly consolidated near $500 against the US Dollar. BCH/USD must break the $530-540 resistance zone for a decent recovery. Bitcoin Cash Price Analysis Yesterday, there was another break…

Bitcoin Cash Price Analysis: BCH/USD At Risk Of Break Below $500

Key Points Bitcoin cash price is struggling to recover above $530 and $540 against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $515 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently at a risk of more losses below the $500 and $490 support levels. Bitcoin cash price is currently well below $530 against the US Dollar. BCH/USD might accelerate declines once there is a close below the $500 level. Bitcoin Cash Price Analysis Yesterday, we discussed…

Bitcoin Cash Price Analysis: BCH/USD Extending Losses Towards $500

Key Points Bitcoin cash price failed to recover above $550 and declined recently against the US Dollar. There is a crucial bearish trend line formed with resistance at $535 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to remain in a bearish zone and it could slide towards the $500 support. Bitcoin cash price is under pressure below $550 against the US Dollar. BCH/USD could accelerate losses towards the $500 and $480 support levels. Bitcoin Cash Price Analysis There was a slow…

Bitcoin Cash Price Weekly Analysis: BCH/USD Could Extend Losses Below $520

Key Points Bitcoin cash price started a major downside correction from the $635 swing high against the US Dollar. There is a key bearish trend line in place with resistance at $550 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading in a bearish zone with an immediate support near the $530 level. Bitcoin cash price is under pressure below $550 against the US Dollar. BCH/USD could continue to move down towards the $500 or $480 level. Bitcoin Cash Price Analysis This…

Bitcoin Cash Price Analysis: BCH/USD Sliding Towards $550

Key Points Bitcoin cash price declined recently and broke the $575-580 support against the US Dollar. There is a major bearish trend line in place with resistance at $582 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to slide and it could even test the $550 support level in the near term. Bitcoin cash price extended declines below $600 against the US Dollar. BCH/USD is currently under pressure and it looks set to test the $550 support. Bitcoin Cash Price Analysis Yesterday,…

Bitcoin Cash Price Analysis: BCH/USD Consolidating Near Key Support

Key Points Bitcoin cash price traded as high as $637 and later corrected lower against the US Dollar. There was a break below a key bullish trend line with support at $605 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading near a major support at $575 and the 100 hourly simple moving average. Bitcoin cash price started a downside correction from the $640 swing high against the US Dollar. BCH/USD is currently consolidating near $575 and it could bounce back. Bitcoin…

With or Without Consensus, BCH/USD Could Test $850

A week to Bitcoin Cash’s half-year software upgrade and BCH/USD is vibrant, adding 45 percent in the last week. Aside from that, BCH is trading above $600 in a bull break out pattern meeting our previous BCH/USD trade plans. Latest Bitcoin Cash News 11 months of lower lows and Bitcoin Cash is now bottoming out, posting huge gains in the last few days. In fact, Bitcoin Cash is up 45 percent in the last week and fairly stable in the last day. Obviously the market is split ahead of the…

Bitcoin Cash Price Analysis: BCH/USD Extending Gains Above $600

Key Points Bitcoin cash price rallied above the key $600 resistance against the US Dollar. There is a major bullish trend line formed with support at $580 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may correct lower, but dips towards the $580 zone remain supported in the near term. Bitcoin cash price is placed heavily in an uptrend above $550 against the US Dollar. BCH/USD traded as high as $629 before it started a downside correction. Bitcoin Cash Price Analysis Yesterday, we discussed…

Bitcoin Cash Price Analysis: BCH/USD Approaching Next Key Break

Key Points Bitcoin cash price is currently consolidating above the $535 support against the US Dollar. There is a key contracting triangle formed with resistance at $570 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to make the next move either above $570 or below $550 in the near term. Bitcoin cash price is preparing for the next move against the US Dollar. BCH/USD could rally once again if there is a break above the $570 resistance. Bitcoin Cash Price Analysis Yesterday,…

Bitcoin Cash Price Analysis: BCH/USD Remains Buy on Dips

Key Points Bitcoin cash price climbed higher recently and broke the $550 resistance against the US Dollar. There is a major bullish trend line formed with support at $522 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could correct further lower, but it is likely to find bids near $520 in the near term. Bitcoin cash price rallied recently above $500 against the US Dollar. BCH/USD is now in an uptrend and dips remain supported on the downside. Bitcoin Cash Price Analysis In the…