Bitcoin Cash Price Analysis: BCH/USD Bearish Below $1,150

Key Points Bitcoin cash price declined further and broke a major support at $1,150 against the US Dollar. There is a major bearish trend line forming with resistance at $1,160 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may perhaps continue to move down and it could even break the $1,100 support level. Bitcoin cash price is accelerating declines below $1,200 against the US Dollar. BCH/USD is now well below $1,150 and eyes a downside break below $1,100. Bitcoin Cash Price Resistance There was…

Bitcoin Cash Price Analysis: BCH/USD Losing Momentum

Key Points Bitcoin cash price failed to hold gains above $1,220 and declined below $1,200 against the US Dollar. There is a declining channel forming with resistance at $1,220 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to extend the current decline and it could test the $1,150 support level. Bitcoin cash price is back in a bearish zone below $1,220 against the US Dollar. BCH/USD is losing momentum and it could continue to move down towards $1,150. Bitcoin Cash Price Decline…

Bitcoin Cash Price Analysis: Can BCH/USD Hold Gains?

Key Points Bitcoin cash price recovered and managed to move above the $1,250 resistance against the US Dollar. There is a key bullish trend line forming with support at $1,255 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to rise, but it could correct lower to test the $1,240-50 support area. Bitcoin cash price is showing a few positive signs above $1,250 against the US Dollar. BCH/USD is currently correcting lower and it remains supported above $1,240. Bitcoin Cash Price Support After…

Bitcoin Cash Price Weekly Analysis: BCH/USD Recoveries Remain Limited

Key Points Bitcoin cash price got bid near the $1.130 level and started a recovery against the US Dollar. There is a crucial bearish trend line forming with resistance near $1,320 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair may continue to rise in the short term, but it is likely to face sellers near $1,320-40. Bitcoin cash price is showing positive signs above $1,150 against the US Dollar. However, upsides in BCH/USD are likely to be limited by the $1,320 resistance zone. Bitcoin…

Bitcoin Cash Price Analysis: BCH/USD Extends Its Decline

Key Points Bitcoin cash price failed to move above the $1,350 resistance and declined sharply against the US Dollar. There is a major bearish trend line formed with resistance at $1,250 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently correcting higher, but it may face many barriers on the upside near $1,240-50. Bitcoin cash price is under pressure below $1,300 against the US Dollar. BCH/USD is likely to extend declines further if it fails to move above $1,250. Bitcoin Cash Price Decline…

Bitcoin Cash Price Analysis: BCH/USD Facing Uphill Task

Key Points Bitcoin cash price found support near the $1,220 level and recovered slightly against the US Dollar. There is a short-term bearish trend line forming with resistance at $1,340 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is facing many hurdles on the upside near $1,340 and $1,350 resistance levels. Bitcoin cash price is slowly recovering from $1,220 against the US Dollar. BCH/USD may correct in the short term, but gains above $1,350 won’t be easy. Bitcoin Cash Price Resistance Yesterday, there was…

Bitcoin Cash Price Analysis: BCH/USD Tumbled Below $1,300

Key Points Bitcoin cash price was not able to move above $1,480-1,500 and declined sharply against the US Dollar. There was a break below a key connecting bullish trend line with support at $1,410 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair even broke the last swing low and it could continue to decline towards the $1,200 level. Bitcoin cash price tumbled below key supports against the US Dollar. BCH/USD is now trading well below $1,300 with a bearish angle in the short term.…

Bitcoin Cash Price Analysis: BCH/USD Consolidating Below $1,500

Key Points Bitcoin cash price failed to break the $1,500 resistance and continues to trade in a range against the US Dollar. There is a short-term bullish trend line forming with support at $1,400 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to consolidate in a range below $1,500 before making the next move. Bitcoin cash price is currently consolidating below $1,500 against the US Dollar. BCH/USD must stay above the $1,400 and $1,360 support levels to remain in a bullish zone.…

Bitcoin Cash Price Technical Analysis – BCH/USD Struggling Near $1,500

Key Points Bitcoin cash price recovered recently, but it struggled to break the $1,500 resistance against the US Dollar. There was a break below a short-term contracting triangle pattern with support at $1,450 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may decline a few points towards the $1,400 and $1,380 support levels. Bitcoin cash price is struggling to gain momentum above $1,500 against the US Dollar. BCH/USD could decline once again if buyers lose control in the short term. Bitcoin Cash Price Resistance…

Bitcoin Cash Price Weekly Analysis – BCH/USD Upsides Remain Capped

Key Points Bitcoin cash price found support around the $1,275 level after a major decline against the US Dollar. There is a major bearish trend line forming with resistance near $1,500 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair may continue to find sellers on the upside near the $1,480 and $1,500 levels in the near term. Bitcoin cash price declined towards $1,250 against the US Dollar. BCH/USD is correcting higher, but upsides remain capped by the $1,500 level. Bitcoin Cash Price Resistance This…