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#Bitcoin Cash Price Analysis

Bitcoin Cash Price Analysis. BCH bulls in action.

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Bitcoin cash price is getting ready for the following move against the US Dollar. BCH/USD could rally indeed if there is a break over the $570 resistance.

Bitcoin Cash Price Key Focuses

  • Bitcoin cash price is as of now solidifying over the $535 support against the US Dollar.
  • There is a key contracting triangle framed with resistance at $570 on the hourly outline of the BCH/USD pair.
  • The pair is probably going to make the following move either above $570 or underneath $550 in the close term.

Bitcoin cash price is getting ready for the following move against the US Dollar. BCH/USD could rally indeed if there is a break over the $570 resistance.

 

Bitcoin Cash Price Analysis

Recently, we saw a strong upward move over the $550 resistance in bitcoin cash price against the US Dollar. The BCH/USD pair exchanged towards the $600 level and framed a high at $589. Afterward, there was a minor drawback rectification and BCH price exchanged beneath $550. There was likewise a break underneath the 23.6% Lie retracement level of the last upside from the $473 low to $489 high.

On the drawback, the $535 level went about like a conventional support and counteracted encourage misfortunes. Besides, there was no break underneath the half Lie retracement level of the last upside from the $473 low to $489 high. Bitcoin cash price is as of now merging over the $535 support. All the more critically, there is a key contracting triangle framed with resistance at $570 on the hourly diagram of the BCH/USD pair. On the off chance that the pair breaks the triangle resistance at $570, it will undoubtedly return to the $589 high. Over the expressed high, BCH price could test the $600 level, which is a noteworthy hindrance. Then again, a drawback break beneath $550 may well drive BCH price towards the $535 support.

 

BCHUSD 3 day chart

BCHUSD 3 day chart

 

Taking a gander at the outline, BCH price is getting ready for the following move and it will either break $570 or move beneath $550 in the close term.

 

Taking a gander at the technical markers:

Hourly MACD – The MACD for BCH/USD is going to move into the bullish zone.

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

Significant Support Level – $550

Significant Resistance Level – $570

#Bitcoin Cash Price Analysis

Bitcoin Cash Price Analysis: BCH post fork downfall

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Bitcoin cash price exchanged beneath the key $400 support. BCH/USD could amend higher, however, dealers are probably going to show up close $420 or $450. 

MACD – Set in the bullish zone.

Relative Strength Index – Cose to the 40 level.

Significant Support Level – $360

Significant Resistance Level – $405

 

Key Points

  • Bitcoin cash price expanded misfortunes and exchanged beneath the $400 level against the US Dollar.
  • There are two key bearish pattern lines set up with resistance at $420 and $450 on the hourly diagram of the BCH/USD pair (information feed from Kraken).
  • The pair stays at a danger of more misfortunes underneath the $360 level in the close term.

Bitcoin cash price exchanged beneath the key $400 support against the US Dollar. BCH/USD could amend higher, however, dealers are probably going to show up close $420 or $450.

 

Bitcoin Cash Price Analysis

Recently, we examined that bitcoin cash price could broaden misfortunes beneath $400 against the US Dollar. The BCH/USD pair remedied a couple of focuses as of late, yet it neglected to break the $450 resistance. Afterwards, there was a sharp drawback move and the price declined underneath the $420 and $400 supports. A new low was shaped at $360 and the price is currently exchanging admirably beneath the 100 hourly basic moving normal.

Right now, the price is solidifying misfortunes around the $380 level. It appears as though the 23.6% Lie retracement dimension of the last slide from the $451 high to $360 low is going about as a resistance. In addition, there are two key bearish pattern lines set up with resistance at $420 and $450 on the hourly outline of the BCH/USD pair. The principal bearish pattern line concurs with the half Lie retracement dimension of the last slide from the $451 high to $360 low. Consequently, the $400-405 zone could forestall gains in the close term.

 

BCH USD 1 day chart

BCH USD 1 day chart

 

Taking a gander at the diagram, Bitcoin cash price could rectify a couple of focuses above $390. Notwithstanding, purchasers are probably going to battle close $400, $405, $420 lastly $450. On the drawback, the following focus for sellers could be $350.

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#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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