Skip to content

Bitcoin Cash Price Analysis: BCH/USD holding support at $400, 13 Sep.

Bitcoin cash price exchanged towards the $400 support. BCH/USD is right now redressing higher, yet it could confront resistan
Bitcoin cash price exchanged towards the $400 support. BCH/USD is right now redressing higher, yet it could confront resistance close $450.

Bitcoin Cash Price Key Focuses

  • Bitcoin cash price exchanged to a new low at $410 before beginning a recuperation against the US Dollar.
  • The current week’s featured vital bearish pattern line could stop upsides close $450 on the hourly graph of the BCH/USD pair (information feed from Kraken).
  • The pair is recuperating, yet it is going to confront significant obstacles close to the $440 and $450 resistance levels.

Bitcoin cash price exchanged towards the $400 support against the US Dollar. BCH/USD is right now redressing higher, yet it could confront resistance close $450.

Bitcoin Cash Price Upside Obstacle

There were more decreases noted underneath the $425 low in bitcoin cash price against the US Dollar. The BCH/USD pair broke the $425 and $420 support levels and exchanged to another month to month low at $410. Afterward, purchasers showed up and bitcoin cash price recouped over the $425 level. There was likewise a break over the 23.6% Lie retracement level of the last drop from the $475 swing high to $410 low.

Be that as it may, BCH price is presently moving toward a few essential obstacles close to the $450 level. A prompt resistance is close to the $444 level. It speaks to the half Lie retracement level of the last drop from the $475 swing high to $410 low. In addition, the current week’s featured critical bearish pattern line could stop upsides close $450 on the hourly graph of the BCH/USD pair. In the event that there is a break over the pattern line, the following resistance is close $460 and the 100 hourly basic moving normal. In this way, the $450 and $460 resistance levels are probably going to stop the present recuperation.

BCHUSD Price Chart 13 September
BCHUSD Price Chart 13 September

Taking a gander at the diagram, Bitcoin cash price is right now in a rectification stage, which could finish anyplace close $450. Venders are probably going to return to drive bitcoin cash price back towards $410.

Taking a gander at the technical pointers:

Hourly MACD – The MACD for BCH/USD has moved back in the bullish zone.

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

Real Support Level – $425

Real Resistance Level – $450

Latest