{"id":29405,"date":"2023-10-05T07:18:41","date_gmt":"2023-10-05T07:18:41","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2023\/10\/05\/bitcoin-cash-price-wont-go-down-quietly\/"},"modified":"2023-10-05T07:18:41","modified_gmt":"2023-10-05T07:18:41","slug":"bitcoin-cash-price-wont-go-down-quietly","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2023\/10\/05\/bitcoin-cash-price-wont-go-down-quietly\/","title":{"rendered":"Bitcoin Cash Price Won&#8217;t Go Down Quietly"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><em>Bitcoin Cash value is holding the important thing $220 help in opposition to the US Dollar. BCH appears to be aiming for a contemporary improve except there&#8217;s a transfer beneath $220.<\/em><\/p>\n<ul>\n<li>Bitcoin money value is exhibiting optimistic indicators above the $220 degree in opposition to the US Dollar.<\/li>\n<li>The value is buying and selling above $220 and the 100 easy transferring common (4 hours).<\/li>\n<li>There was a break beneath a key bullish development line with help close to $238 on the 4-hour chart of the BCH\/USD pair (knowledge feed from Kraken).<\/li>\n<li>The pair might begin a contemporary improve except there&#8217;s a transfer beneath $220.<\/li>\n<\/ul>\n<h2>Bitcoin Cash Price Holds Support<\/h2>\n<p>In the previous few days, Bitcoin Cash value noticed a gentle decline from the $255 resistance zone. BCH declined beneath the $240 help to enter a short-term bearish zone, like <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-restart-increase-28000\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-recovery-hurdle-1665\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a>.<\/p>\n<p>The value declined beneath the 50% Fib retracement degree of the upward transfer from the $203 swing low to the $255 excessive. Besides, there was a break beneath a key bullish development line with help close to $238 on the 4-hour chart of the BCH\/USD pair.<\/p>\n<p>However, the bulls have been lively above the $220 help. The value discovered help close to the 61.8% Fib retracement degree of the upward transfer from the $203 swing low to the $255 excessive.<\/p>\n<p>Bitcoin Cash is now buying and selling above $220 and the 100 easy transferring common (4 hours). Immediate resistance is close to the $236 degree. The subsequent main resistance is close to $244. Any additional good points may lead the value towards the $250 resistance zone.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?resize=1024%2C468\"><img decoding=\"async\" class=\"alignnone size-full wp-image-554162\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?resize=1024%2C468\" alt=\"Bitcoin Cash Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?resize=1024%2C468?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?resize=1024%2C468?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?resize=1024%2C468?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?resize=1024%2C468?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?resize=1024%2C468?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?resize=1024%2C468?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?resize=1024%2C468?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" loading=\"lazy\" data-recalc-dims=\"1\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BCHUSD\/\" target=\"_blank\" rel=\"noopener\">BCH\/USD on TradingView.com<\/a><\/p>\n<p>The subsequent main hurdle is close to the $262 degree, above which BCH may begin a good improve towards the $280 degree or $288 within the coming days.<\/p>\n<h2>Downside Break in BCH?<\/h2>\n<p>If Bitcoin Cash value fails to clear the $244 resistance, it might begin a contemporary decline. Initial help on the draw back is close to the $225 degree.<\/p>\n<p>The subsequent main help is close to the $220 degree, the place the bulls are more likely to seem. If the value fails to remain above the $220 help, the value might check the $212 help. Any additional losses may lead the value towards the $200 zone within the close to time period.<\/p>\n<p>Technical indicators<\/p>\n<p>4-hour MACD \u2013 The MACD for BCH\/USD is dropping tempo within the bullish zone.<\/p>\n<p>4-hour RSI (Relative Strength Index) \u2013 The RSI is presently beneath the 50 degree.<\/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<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/bch\/bitcoin-cash-price-support-220\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Cash value is holding the important thing $220 help in opposition to the US Dollar. BCH appears to be aiming for a contemporary improve except there&#8217;s a transfer beneath $220. Bitcoin money value is exhibiting optimistic indicators above the $220 degree in opposition to the US Dollar. The value is buying and selling above [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":29407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[20,99,110,3699,273],"class_list":{"0":"post-29405","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-bitcoin","9":"tag-cash","10":"tag-price","11":"tag-quietly","12":"tag-wont"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/29405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=29405"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/29405\/revisions"}],"predecessor-version":[{"id":29406,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/29405\/revisions\/29406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/29407"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=29405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=29405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=29405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}