Bitcoin Cash Price Analysis: BCH/USD Breaks Above Key Resistance

Key Points Bitcoin cash price rallied and broke a major resistance near $440 against the US Dollar. Yesterday’s highlighted important bearish trend line was breached at $435 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently correcting lower, but dips near $445 and $440 remains well supported. Bitcoin cash price moved into a positive zone above $440 against the US Dollar. BCH/USD dips towards the $440-445 zone could find a strong buying interest. Bitcoin Cash Price Analysis Yesterday, we discussed a crucial resistance…

Bitcoin Cash Price Analysis: BCH/USD Dips Remain Supported

Key Points Bitcoin cash price dipped recently, but it found support near $410 against the US Dollar. There is a major bearish trend line in place with resistance near $440 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair needs to climb above the $450 hurdle for more gains in the near term. Bitcoin cash price is trading above $400 against the US Dollar. BCH/USD is facing a couple of important resistances near $445 and $450 levels. Bitcoin Cash Price Resistance During the past few…

Bitcoin Cash Price Analysis: BCH/USD Could Recover Towards $500

Key Points Bitcoin cash price started an upside correction and moved above the $450 resistance against the US Dollar. There was a break above this week’s followed key bearish trend line near $445 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair climbed above the $450 and $460 levels and it may continue to trade higher towards $500. Bitcoin cash price recovered nicely from the $410 low against the US Dollar. BCH/USD is likely to recover further towards the $480 and $500 levels. Bitcoin Cash…

Bitcoin Cash Price Analysis: BCH/USD Facing Key Resistance Near $450

Key Points Bitcoin cash price traded to a new low at $410 before starting a recovery against the US Dollar. This week’s highlighted important bearish trend line could stop upsides near $450 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is recovering, but it is about to face major hurdles near the $440 and $450 resistance levels. Bitcoin cash price traded towards the $400 support against the US Dollar. BCH/USD is currently correcting higher, but it could face resistance near $450. Bitcoin Cash Price…

Bitcoin Cash Price Analysis: BCH/USD Extending Losses Below $450

Key Points Bitcoin cash price declined further and broke the $460 and $450 support levels against the US Dollar. This week’s followed major bearish trend line is still in place with resistance near $460 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains in a downtrend and it seems like it could continue to move down towards $400. Bitcoin cash price is under pressure as it broke the $450 support against the US Dollar. BCH/USD is likely to extend losses towards $410 and $400…

Bitcoin Cash Price Analysis: BCH/USD Could Recover To $500

Key Points Bitcoin cash price is holding the $460 support very well against the US Dollar. Yesterday’s highlighted key bearish trend line is still active with resistance near $475 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could move higher in the short term towards the $495 and $500 resistance levels. Bitcoin cash price is trading above the recent low against the US Dollar. BCH/USD is likely to recover a few points towards $500 in the near term. Bitcoin Cash Price Support Yesterday, there…

Bitcoin Cash Price Weekly Analysis: BCH/USD Could Decline to $440

Key Points Bitcoin cash price is under a lot of pressure as it broke the $500 support against the US Dollar. There was a break below a major bullish trend line with support at $540 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair is now trading below the $500 support and it could trade towards the $440 level. Bitcoin cash price declined heavily recently against the US Dollar. BCH/USD may continue to move down towards the $440 and $420 levels in the near term.…

Bitcoin Cash Price Analysis: BCH/USD Consolidating Losses Above $500

Key Points Bitcoin cash price started consolidating losses after trading as low as $485 against the US Dollar. There is a short-term ascending channel forming with resistance at $530 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair needs to surpass the $530 and $535 level to correct towards the $550 and $555 resistances. Bitcoin cash price is holding the $500 support against the US Dollar. BCH/USD may trade above the $535 resistance to test the $555 resistance in the near term. Bitcoin Cash Price…

Bitcoin Cash Price Analysis: BCH/USD Turned Sell on Rallies

Key Points Bitcoin cash price failed to clear the $650 resistance and dropped sharply against the US Dollar. There is a key bearish trend line forming with resistance at $525 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is down more than $100 from highs and it turned sell on rallies near $525 and $550. Bitcoin cash price dropped significantly below $550 against the US Dollar. BCH/USD is recovering, but it could face a lot of sellers near $525 and $550. Bitcoin Cash Price…

Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $600

Key Points Bitcoin cash price remained in a tight range above the $600 barrier against the US Dollar. There is a major bearish trend line in place with resistance at $648 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is forming a solid support on the downside near the $605-615 zone. Bitcoin cash price stayed above the $600 support against the US Dollar. BCH/USD must surpass the $645-650 zone for more upsides in the near term. Bitcoin Cash Price Resistance There was no major…