Bitcoin Cash Price Analysis: BCH/USD Gaining Momentum

Key Points Bitcoin cash price traded further higher and broke the $750 resistance zone against the US Dollar. Yesterday’s highlighted declining channel was broken with resistance near $735 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is now trading comfortably above the $750 resistance with positive signs for more gains. Bitcoin cash price is gaining momentum above $750 against the US Dollar. BCH/USD has to clear the $800 barrier to extend the current uptrend in the near term. Bitcoin Cash Price Support The past…

Bitcoin Cash Price Analysis: BCH/USD Bullish Above $700

Key Points Bitcoin cash price is positioned nicely above the $700 support with positive signs against the US Dollar. There is a new declining channel formed with resistance near $740 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must clear the $740 and $750 resistance levels to move further higher in the bullish zone. Bitcoin cash price is holding the $700 support against the US Dollar. BCH/USD must gain momentum above $750 to revisit the $800 resistance zone in the near term. Bitcoin Cash…

Bitcoin Cash Price Weekly Analysis: BCH/USD Facing Tough Resistance

Key Points Bitcoin cash price started a new upside wave from the $650 support area against the US Dollar. There are two bearish trend lines formed with resistance at $770 and $810 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair must break and settle above the $800 resistance zone to gain upside momentum. Bitcoin cash price is slowly recovering above $700 against the US Dollar. BCH/USD has to move past the $800-810 barrier to remain in a bullish zone in the near term. Bitcoin…

Bitcoin Cash Price Analysis: BCH/USD Resumes Its Slide

Key Points ·         Bitcoin cash price declined further and moved to a new monthly low at $650 against the US Dollar. ·         There is a new connecting bearish trend line formed with resistance near $690 on the hourly chart of the BCH/USD pair (data feed from Kraken). ·         The pair is likely to extend losses towards the $640 and $630 levels in the near term. Bitcoin cash price is back in a downtrend below $700 against the US Dollar. BCH/USD may perhaps continue to decline towards the $630 level if…

Bitcoin Cash Price Analysis: BCH/USD Resumes Downtrend

Key Points Bitcoin cash price failed to move above the $775 resistance and declined against the US Dollar. This week’s highlighted key bearish trend line played well with resistance at $720 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is moving lower and it seems like it could revisit the last swing low of $665. Bitcoin cash price is back in a downtrend below $720 against the US Dollar. BCH/USD is likely to accelerate declines back towards the $665 and $650 levels. Bitcoin Cash…

Bitcoin Cash Price Analysis: BCH/USD Struggling Near $775

Key Points Bitcoin cash price attempted an upside recovery and tested the $770-780 resistance against the US Dollar. Yesterday’s highlighted crucial bearish trend line in intact with resistance at $760 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair has to move above the $760, $770 and $775 resistance zone to gain traction in the near term. Bitcoin cash price is struggling to break the $775 resistance against the US Dollar. BCH/USD may trade in a range before making an attempt to break $770-780. Bitcoin…

Bitcoin Cash Price Analysis: BCH/USD Testing Crucial Resistance

Key Points Bitcoin cash price declined further and traded towards the $650 level against the US Dollar. There is a major bearish trend line in place with resistance at $765 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading near a major resistance at $750-770, which is acting as a barrier for buyers. Bitcoin cash price extended declines below $700 against the US Dollar. BCH/USD is currently correcting higher, but it is facing hurdles near $760. Bitcoin Cash Price Resistance There was…

Bitcoin Cash Price Weekly Analysis: BCH/USD Extending Losses

Key Points Bitcoin cash price broke many supports and traded below $800 against the US Dollar. There is a crucial bearish trend line in place with resistance near $820 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair is likely to continue its decline as long as it is below $850 and $900 resistance levels. Bitcoin cash price declined heavily below $900 against the US Dollar. BCH/USD may perhaps accelerate declines towards the $700 level in the near term. Bitcoin Cash Price Decline This past…

Bitcoin Cash Price Analysis: BCH/USD Could Retest $825

Key Points Bitcoin cash price failed to move past the $900-910 resistance and declined sharply against the US Dollar. Yesterday’s highlighted key bullish trend line was breached at $880 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently under a bearish pressure and it could soon retest the $825 support. Bitcoin cash price struggled to trade above $910 against the US Dollar. BCH/USD declined and it may perhaps continue to move down towards the $825 support. Bitcoin Cash Price Decline There were many…

Bitcoin Cash Price Analysis: BCH/USD Resumes Uptrend

Key Points Bitcoin cash price found support near the $865 level and bounced back against the US Dollar. Yesterday’s highlighted short-term bullish trend line is intact with support at $880 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is moving higher and it may soon make an attempt to break the $908 resistance level. Bitcoin cash price found support above $850 and recovered against the US Dollar. BCH/USD is resuming uptrend and it could break the $900-910 resistance. Bitcoin Cash Price Trend After a…