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#Bitcoin Cash Price Analysis

Bitcoin Cash Price Analysis BCH/USD Stabilizing above $680

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Bitcoin cash price is feeling the squeeze underneath the $800 support. BCH/USD is exchanging beneath $760 and it could return to the $720 support.

Bitcoin Cash Price Key Points

  • Bitcoin cash price stayed in a range and solidified over the $680 bolster against the US Dollar.
  • Yesterday’s featured key bearish pattern line is unblemished with current obstruction close $720 on the hourly outline of the BCH/USD pair (information feed from Kraken).
  • The match stays at a danger of more misfortunes as long as it is underneath the $710 and $720 opposition levels.

Bitcoin cash price is attempting to move above $710 against the US Dollar. BCH/USD is presently solidifying and it stays at a danger of further decreases.

Bitcoin Cash Price Trend

After a noteworthy decay underneath the $700 level, bitcoin cash price discovered help close $680 against the US Dollar. The BCH/USD match framed a low close $683 and later it began a minor upside remedy. It moved over the $690 level, however, it neglected to move past the $700-710 obstruction. In addition, the 23.6% Fib retracement level of the last decrease from the $780 high to $683 low additionally went about as an obstruction.

It appears like the $700-710 zone is a noteworthy opposition and a rotate region. A break over the same is required for a push towards the following opposition at $720-725. All the more imperatively, yesterday’s featured key bearish pattern line is flawless with current obstruction close $720 on the hourly graph of the BCH/USD combine. The pattern line currently concurs with the 38.2% Fib retracement level of the last decrease from the $780 high to $683 low. The following obstacle for purchasers is close to the $730 level and the 100 hourly basic moving normal.

Bitcoin Cash Price BCH to USD Chart 12 July

Bitcoin Cash Price BCH to USD Chart 12 July

Taking a gander at the outline, there are unmistakably numerous obstacles for purchases above $710. Consequently, a noteworthy upside recuperation towards $750 won’t be simple. On the drawback, a break underneath the $680 support could drive the price towards $650.

Taking a look at the specialized pointers:

Hourly MACD – The MACD for BCH/USD is generally level in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is presently back underneath the 50 level.

Real Support Level – $680

Real Resistance Level – $720

#Bitcoin Cash Price Analysis

The Battle: Bitcoin Cash ABC Vs Bitcoin Cash SV

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Bitcoin Cash SV surpassed the BCH ABC today as Bitcoin Cash ABC has been experiencing a massive drop in price in the 24-hour chart. BCH ABC fell over 38%.

The upcoming Bitcoin Cash hardfork has created massive FUD amongst crypto traders and investors.

BCH SV surpassed the BCH ABC today as BCH ABC has been experiencing a massive drop in price in the 24-hour chart. BCH ABC fell over 38% while the upcoming fork BCH SB headed by Craig Wright saw a massive surge of over 100% in price.

 

BCHABC BTC 1 day chart

BCHABC BTC 1 day chart

BCHSV USDC 1 day chart

BCHSV USDC 1 day chart

(At the time of writing) BCH ABC is currently priced at around $245 while BCH SV is price around $230 with just a $10 difference.

The BCHSV plans to increase the block size of Bitcoin Cash to 128 MB, whereas BCHABC will make technical changes to make atomic swaps possible while maintaining the same block size of 32 MB.

The cryptocurrency market has seen quite a few hard forks now but this bitcoin cash hardfork has created an equality in the price of the coins which hasn’t been seen before.

What do you think about the massive fluctuations in the price of BCHABC and BCHSV? Tell us in the comments section below.

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#Bitcoin Cash Price Analysis

Bitcoin Cash Price Analysis: Will BCH fall down?

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Bitcoin cash price solidified close $500 against the US Dollar. BCH/USD must break the $530-540 resistance zone for a good recuperation.

MACD – The MACD for BCH/USD is as yet put in the bearish zone.

Relative Strength Index – Close to the 50 levels.

Support Level – $500

Resistance Level – $535

 

BCH Price Key Points

  • Bitcoin cash price remained over the $496 swing low and solidified against the US Dollar.
  • There was a break over a key bearish pattern line with resistance at $510 on the hourly graph of the BCH/USD pair.
  • The pair attempted to move over the $530 resistance and the 100 hourly basic moving normal.

Bitcoin cash price solidified close $500 against the US Dollar. BCH/USD must break the $530-540 resistance zone for a good recuperation.

 

Bitcoin Cash Price Analysis

Recently, there was another break beneath the $500 support in bitcoin cash price against the US Dollar. Be that as it may, the BCH/USD pair discovered support close to the last swing low at $496 and later recuperated. It exchanged over the $505 and $510 resistance levels to begin a recuperation. BCH price moved over the half Lie retracement level of the ongoing decay from the $562 high to $496 low.

Additionally, there was a break over a key bearish pattern line with resistance at $510 on the hourly outline of the BCH/USD pair. Be that as it may, bitcoin cash price attempted to break the $535-540 resistance zone and the 100 hourly straightforward moving normal. Additionally, BCH  price was dismissed close to the 61.8% Lie retracement level of the ongoing decay from the $562 high to $496 low. Accordingly, bitcoin cash price withdrew and exchanged underneath the $520 level. At the start, BCH price is by all accounts uniting over the $500 level. Purchasers should clear the $530, $535 and $540 resistance levels to begin an average bounce back.

 

BCHUSD 1 day chart

BCHUSD 1 day chart

 

Taking a gander at the outline, BCH price may keep on remaining over the $500 support region. Having said that, if purchasers keep on bombing close to the $535 level, bitcoin cash price may maybe break the $500 and $495 support levels.

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#Bitcoin Cash Price Analysis

Bitcoin Cash BCH Price Analysis: Can BCH break $520 level?

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BCH price is still struggling to break the $530 and $540 levels. A significant resistance level between $515 and $520 could not be broken.
  • Hourly RSI is below the 50 level.

  • Hourly MACD is in the bearish zone for BCH/USD

  • Major Support Level: $500

  • Major resistance Level: $520

 

Key Points:

  • BCH price is still struggling to break the $530 and $540 levels.
  • A significant resistance level between $515 and $520 could not be broken.
  • BCH price is at risk to drop below $500 support level.

At press time, Bitcoin Cash price is trading at $514 against the US dollar.

 

Bitcoin Cash Price Analysis

BCH price is at risk to move below the $500 support level. BCH/USD pair has remained in the bearish zone, and although it tried to break the resistance level of $530, it failed. A low was formed yesterday at the level near $495, breaking the $500 level temporarily, but the price was soon pushed back to above $500.

 

 

If the price of BCH is successful in breaking the $525-$530, the price can move up, but it is unlikely. The 50% Fibonacci retracement level of the last fall from $560 to $494 has also prevented gains.
All in all, the bearish trend continues today as long as key resistance levels of $520, $530 are not broken.

Taking a look at the chart for BCH/USD, we can see a lot of pressure under the $510 level.

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