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{"id":543927,"date":"2023-07-24T05:44:23","date_gmt":"2023-07-24T05:44:23","guid":{"rendered":"https:\/\/ktsl888.com\/?p=543927"},"modified":"2024-06-11T14:38:59","modified_gmt":"2024-06-11T14:38:59","slug":"bitcoin-cash-price-rally-to-300","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-cash-price-rally-to-300\/","title":{"rendered":"Bitcoin Cash Price Could Restart Rally To $300 If It Breaks This Resistance"},"content":{"rendered":"

Bitcoin Cash price started a downside correction and tested $230 against the US Dollar. BCH might aim a fresh rally toward the $280 and $300 levels.<\/em><\/p>\n

\n
Bitcoin cash price is consolidating above the $230 level against the US Dollar.<\/li>\n
The price is trading below $255 and the 100 simple moving average (4 hours).<\/li>\n
There was a break above a key bearish trend line with resistance near $242 on the 4-hour chart of the BCH\/USD pair (data feed from Kraken).<\/li>\n
The pair is likely to accelerate higher if it clears $255 and $265.<\/li>\n<\/ul>\n
Bitcoin Cash Price Prepares For The Next Move<\/h2>\n
After a strong rally, Bitcoin Cash price faced sellers near the $300 zone. BCH traded as high as $294 and started a downside correction, like Bitcoin<\/a> and Ethereum<\/a>. There was a move below the $280 pivot level.<\/p>\n
The price even declined below $255 before the bulls appeared near $230. A low is formed near $232 and the price is now slowly moving higher. There was a break above a key bearish trend line with resistance near $242 on the 4-hour chart of the BCH\/USD pair.<\/p>\n
The pair cleared the 23.6% Fib retracement level of the downward move from the $294 high to the $232 low. Bitcoin Cash is now trading below $265 and the 100 simple moving average (4 hours).<\/p>\n
Immediate resistance is near the $255 level. The next major resistance is near $265 or the 100 simple moving average (4 hours). It is close to the 50% Fib retracement level of the downward move from the $294 high to the $232 low.<\/p>\n
$\"Bitcoin$ <\/p>\n
Source: BCH\/USD on TradingView.com<\/a><\/p>\n
Any further gains could lead the price toward the $280 and $285 resistance levels in the near term. The next major hurdle is near the $300 level.<\/p>\n
Dips Supported in BCH?<\/h2>\n
If Bitcoin Cash price fails to clear the $255 resistance, it could start a fresh decline. Initial support on the downside is near the $240 level.<\/p>\n
The next major support is near the $232 level, where the bulls are likely to appear. If the price fails to stay above the $232 support, the price could test the $220 support. Any further losses could lead the price toward the $200 handle in the near term.<\/p>\n
Technical indicators<\/p>\n
4-hour MACD \u2013 The MACD for BCH\/USD is gaining pace in the bullish zone.<\/p>\n
4-hour RSI (Relative Strength Index) \u2013 The RSI is currently above the 50 level.<\/p>\n
Key Support Levels \u2013 $240 and $232.<\/p>\n
Key Resistance Levels \u2013 $255 and $265.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin Cash price started a downside correction and tested $230 against the US Dollar. BCH might aim a fresh rally toward the $280 and $300 levels. Bitcoin cash price is consolidating above the $230 level against the US Dollar. The price is trading below $255 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $242 on the 4-hour chart of the BCH\/USD pair (data feed from Kraken). The pair is likely to accelerate higher if it clears $255 and $265. Bitcoin Cash Price Prepares For The Next Move After a strong rally, Bitcoin Cash price faced sellers near the $300 zone. BCH traded as high as $294 and started a downside correction, like Bitcoin and Ethereum. There was a move below the $280 pivot level. The price even declined below $255 before the bulls appeared near $230. A low is formed near $232 and the price is now slowly moving higher. There was a break above a key bearish trend line with resistance near $242 on the 4-hour chart of the BCH\/USD pair. The pair cleared the 23.6% Fib retracement level of the downward move from the $294 high to the $232 low. Bitcoin Cash is now trading below $265 and the 100 simple moving average (4 hours). Immediate resistance is near the $255 level. The next major resistance is near $265 or the 100 simple moving average (4 hours). It is close to the 50% Fib retracement level of the downward move from the $294 high to the $232 low. Source: BCH\/USD on TradingView.com Any further gains could lead the price toward the $280 and $285 resistance levels in the near term. The next major hurdle is near the $300 level. Dips Supported in BCH? If Bitcoin Cash price fails to clear the $255 resistance, it could start a fresh decline. Initial support on the downside is near the $240 level. The next major support is near the $232 level, where the bulls are likely to appear. If the price fails to stay above the $232 support, the price could test the $220 support. Any further losses could lead the price toward the $200 handle in the near term. Technical indicators 4-hour MACD \u2013 The MACD for BCH\/USD is gaining pace in the bullish zone. 4-hour RSI (Relative Strength Index) \u2013 The RSI is currently above the 50 level. Key Support Levels \u2013 $240 and $232. Key Resistance Levels \u2013 $255 and $265.<\/p>\n","protected":false},"author":67,"featured_media":377393,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10765,10777,79646,10736],"class_list":["post-543927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bch","tag-bchusd","tag-bchusdt","tag-bitcoin-cash"],"acf":[],"yoast_head":"\nBitcoin Cash Price Could Restart Rally To $300 If It Breaks This Resistance<\/title>\n<meta name=\"description\" content=\"Bitcoin Cash price started a downside correction and tested $230 against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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