{"id":554161,"date":"2023-10-05T05:43:01","date_gmt":"2023-10-05T05:43:01","guid":{"rendered":"https:\/\/ktsl888.com\/?p=554161"},"modified":"2024-06-11T14:29:53","modified_gmt":"2024-06-11T14:29:53","slug":"bitcoin-cash-price-support-220","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-cash-price-support-220\/","title":{"rendered":"Bitcoin Cash Price Won&#8217;t Go Down Quietly &#8211; Risk of Bounce Grows"},"content":{"rendered":"<p><em>Bitcoin Cash price is holding the key $220 support against the US Dollar. BCH seems to be aiming for a fresh increase unless there is a move below $220.<\/em><\/p>\n<ul>\n<li>Bitcoin cash price is showing positive signs above the $220 level against the US Dollar.<\/li>\n<li>The price is trading above $220 and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break below a key bullish trend line with support near $238 on the 4-hour chart of the BCH\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start a fresh increase unless there is a move below $220.<\/li>\n<\/ul>\n<h2>Bitcoin Cash Price Holds Support<\/h2>\n<p>In the past few days, Bitcoin Cash price saw a steady decline from the $255 resistance zone. BCH declined below the $240 support to enter a short-term bearish zone, like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-restart-increase-28000\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-recovery-hurdle-1665\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>The price declined below the 50% Fib retracement level of the upward move from the $203 swing low to the $255 high. Besides, there was a break below a key bullish trend line with support near $238 on the 4-hour chart of the BCH\/USD pair.<\/p>\n<p>However, the bulls were active above the $220 support. The price found support near the 61.8% Fib retracement level of the upward move from the $203 swing low to the $255 high.<\/p>\n<p>Bitcoin Cash is now trading above $220 and the 100 simple moving average (4 hours). Immediate resistance is near the $236 level. The next major resistance is near $244. Any further gains could lead the price toward the $250 resistance zone.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-554162\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?resize=1024%2C468\" alt=\"Bitcoin Cash Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Cash.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BCHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BCH\/USD on TradingView.com<\/a><\/p>\n<p>The next major hurdle is near the $262 level, above which BCH might start a decent increase toward the $280 level or $288 in the coming days.<\/p>\n<h2>Downside Break in BCH?<\/h2>\n<p>If Bitcoin Cash price fails to clear the $244 resistance, it could start a fresh decline. Initial support on the downside is near the $225 level.<\/p>\n<p>The next major support is near the $220 level, where the bulls are likely to appear. If the price fails to stay above the $220 support, the price could test the $212 support. Any further losses could lead the price toward the $200 zone in the near term.<\/p>\n<p>Technical indicators<\/p>\n<p>4-hour MACD \u2013 The MACD for BCH\/USD is losing pace in the bullish zone.<\/p>\n<p>4-hour RSI (Relative Strength Index) \u2013 The RSI is currently below the 50 level.<\/p>\n<p>Key Support Levels \u2013 $225 and $220.<\/p>\n<p>Key Resistance Levels \u2013 $236 and $244.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Cash price is holding the key $220 support against the US Dollar. BCH seems to be aiming for a fresh increase unless there is a move below $220. Bitcoin cash price is showing positive signs above the $220 level against the US Dollar. The price is trading above $220 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support near $238 on the 4-hour chart of the BCH\/USD pair (data feed from Kraken). The pair could start a fresh increase unless there is a move below $220. Bitcoin Cash Price Holds Support In the past few days, Bitcoin Cash price saw a steady decline from the $255 resistance zone. BCH declined below the $240 support to enter a short-term bearish zone, like Bitcoin and Ethereum. The price declined below the 50% Fib retracement level of the upward move from the $203 swing low to the $255 high. Besides, there was a break below a key bullish trend line with support near $238 on the 4-hour chart of the BCH\/USD pair. However, the bulls were active above the $220 support. The price found support near the 61.8% Fib retracement level of the upward move from the $203 swing low to the $255 high. Bitcoin Cash is now trading above $220 and the 100 simple moving average (4 hours). Immediate resistance is near the $236 level. The next major resistance is near $244. Any further gains could lead the price toward the $250 resistance zone. Source: BCH\/USD on TradingView.com The next major hurdle is near the $262 level, above which BCH might start a decent increase toward the $280 level or $288 in the coming days. Downside Break in BCH? If Bitcoin Cash price fails to clear the $244 resistance, it could start a fresh decline. Initial support on the downside is near the $225 level. The next major support is near the $220 level, where the bulls are likely to appear. If the price fails to stay above the $220 support, the price could test the $212 support. Any further losses could lead the price toward the $200 zone in the near term. Technical indicators 4-hour MACD \u2013 The MACD for BCH\/USD is losing pace in the bullish zone. 4-hour RSI (Relative Strength Index) \u2013 The RSI is currently below the 50 level. Key Support Levels \u2013 $225 and $220. Key Resistance Levels \u2013 $236 and $244.<\/p>\n","protected":false},"author":67,"featured_media":405676,"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":[10777,79646,10736],"class_list":["post-554161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bchusd","tag-bchusdt","tag-bitcoin-cash"],"acf":[],"yoast_head":"\n<title>Bitcoin Cash Price Won&#039;t Go Down Quietly - Risk of Bounce Grows<\/title>\n<meta name=\"description\" content=\"Bitcoin Cash price is holding the key $220 support against the US Dollar. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/ktsl888.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Cash Price Won&#8217;t Go Down Quietly &#8211; Risk of Bounce Grows","url":"http:\/\/ktsl888.com\/news\/bitcoin-cash-price-support-220\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-cash-price-support-220\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/11\/bitcoin-cash-bchanalysis.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/11\/bitcoin-cash-bchanalysis.jpg?fit=1000%2C666"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bchusd","bchusdt","bitcoin cash"],"dateCreated":"2023-10-05T05:43:01Z","datePublished":"2023-10-05T05:43:01Z","dateModified":"2024-06-11T14:29:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Cash Price Won&#8217;t Go Down Quietly &#8211; Risk of Bounce Grows\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-cash-price-support-220\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-cash-price-support-220\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/bitcoin-cash-bchanalysis.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/bitcoin-cash-bchanalysis.jpg?fit=1000%2C666\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bchusd\",\"bchusdt\",\"bitcoin cash\"],\"dateCreated\":\"2023-10-05T05:43:01Z\",\"datePublished\":\"2023-10-05T05:43:01Z\",\"dateModified\":\"2024-06-11T14:29:53Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/11\/bitcoin-cash-bchanalysis.jpg?fit=1000%2C666","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/554161"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=554161"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/554161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/405676"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=554161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=554161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=554161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}