Bitcoin Cash

Rally

Bitcoin

Resistance

<a href="https://bitcoinworld.co.in/bitcoin-cash-price-rallied-15-gain-signs-point-to-fresh-bch-rally-ahead/" title="Bitcoin Cash Price Rallied 15% Gain: Signs Point to Fresh BCH Rally Ahead" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">Bitcoin Cash (BCH) price rallied over 15% and broke the $270 resistance. BCH is now facing strong resistance near the $275 zone.</li> 
</ul> 
<h3 id="span-style-font-weight-400-bitcoin-cash-price-rallies-above-270-span">Bitcoin Cash Price Rallies Above $270</h3> 
After forming a base above the $232 level, Bitcoin Cash price started a steady increase. It broke the $245 resistance to enter a positive zone, like Bitcoin and Ethereum. 
There was a strong increase above the $250 and $265 resistance levels. The <a href="https://coinstats.app/coins/bitcoin-cash/">price</a> gained over 15% and tested the $282 resistance.&nbsp; 
A high was formed near $283 and the price is now correcting gains. There was a move below the $275 level. 
The price tested the 23.6% Fib retracement level of the upward move from the $233 swing low to the $283 high. BCH is now showing positive signs above $260 and the 100 simple moving average (4 hours). 
There is also a key bullish trend line forming with support at $258 on the 4-hour chart of the BCH/USD pair.&nbsp; 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/bitcoin-price-reclaimed-48k-level-but-can-the-bulls-pump-btc-to-50k/" aria-label="“Bitcoin Price Reclaimed $48k Level But Can The Bulls Pump BTC To $50K?” (Edit)">Bitcoin Price Reclaimed $48k Level But Can The Bulls Pump BTC To $50K?</a> 
If there is another increase, the price might face resistance near $275. To continue higher, the price must settle above $282.&nbsp; 
The next major resistance is near $292, above which the price might accelerate higher toward the $300 level. Any further gains could lead the price toward the $320 resistance zone. 
<h3 id="span-style-font-weight-400-fresh-drop-in-bch-span">Fresh Drop In BCH?</h3> 
If Bitcoin Cash price fails to clear the $275 resistance, it could start a fresh decline. Initial support on the downside is near the $265 level. 
The next major support is near the $258 level or the trend line.&nbsp; 
It is close to the 50% Fib retracement level of the upward move from the $233 swing low to the $283 high, where the bulls are likely to appear.&nbsp; 
If the price fails to stay above the $258 support, the price could test the $245 support. Any further losses could lead the price toward the $232 zone in the near term. 
<h3 id="span-style-font-weight-400-technical-indicators-span">Technical Indicators</h3> 
<ul> 
 <li style="font-weight: 400">4-hour MACD – The MACD for BCH/USD is losing pace in the bullish zone.</li> 
 <li style="font-weight: 400">4-hour RSI (Relative Strength Index) – The RSI is currently in the overbought zone.</li> 
 <li style="font-weight: 400">Key Support Levels – $265 and $258.</li> 
 <li style="font-weight: 400">Key Resistance Levels – $275 and $282.</li> 
</ul> 
<blockquote>
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</blockquote> 
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The post <a href="https://bitcoinworld.co.in/bitcoin-cash-price-rallied-15-gain-signs-point-to-fresh-bch-rally-ahead/">Bitcoin Cash Price Rallied 15% Gain: Signs Point to Fresh BCH Rally Ahead</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Bitcoin Cash Price Rallied 15% Gain: Signs Point to Fresh BCH Rally Ahead

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