Bitcoin Cash

Bitcoin

Show

when

Coin

<p>Bitcoin Cash (BCH) is currently trading around $623, down 7% on the day. This drop in BCH price is part of a broader market correction, as most altcoins are down 5-15% in the lead-up to the upcoming Bitcoin halving event.</p>
<p>One of the most popular traders in the crypto space, AlanSantana, <a href="https://www.tradingview.com/chart/BCHUSDT/QfIOU9gJ-Alert-Bitcoin-Cash-Likely-Starting-Major-Correction/" target="_blank" rel="noopener noreferrer nofollow">posted</a> an analysis on TradingView highlighting the bearish signals for BCH. As he explains, “This is a friendly, and hopefully timely, reminder to all my readers, followers and supporters — Bitcoin Cash is about to crash. Well, not crash but we are going to see a drop and this is likely headed toward MA200.”</p>
<p>Looking at the daily chart, AlanSantana points to several technical indicators signaling an impending pullback for BCH. “We have a shooting star, or close to one, on the 5th of April. We have multiple red sessions and today’s candle is ultra-bearish,” he notes.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="353" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-465-1024x353.png" alt="" class="wp-image-471684" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-465-1024x353.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-465-300x103.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-465-766x264.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-465-1536x529.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-465-2048x706.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-465-435x150.png 435w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-465-100x34.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-465-1016x350.png 1016w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-465-788x271.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-465.png 1762w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The trader believes the main target for BCH in the mid-term is the 200-day moving average (MA200), which is currently sitting around $295. However, he cautions that “it can take months to hit the support target, months of accumulation, months of recovery and then some more before the same high prices before the correction show up again. It can take anywhere between 2-3 weeks to 4-8 months… It varies depending on the pair and market.”</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>AlanSantana emphasizes that this is a new market phase with “lots of variations when it comes to the charts and price action.” He explains that “the reason for this is the market success, as it grows, many projects detach from the herd and start to produce their own cycles. New categories are created as well as new trading vehicles and this changes the whole dynamic. This is good, colorful and varied is good.”</p>
<p>In conclusion, the BCH price is currently facing a correction as part of the broader altcoin market pullback. Prominent trader AlanSantana has warned his followers to “Prepare for the drop” in BCH, with the MA200 around $295 being the likely medium-term target. Investors should exercise caution and closely monitor the situation as the market navigates this period of increased volatility.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-cash-bch-price-facing-looming-major-correction-heres-when/" rel="noopener noreferrer nofollow">Bitcoin Cash (BCH) Price Facing Looming ‘Major’ Correction – Here’s When</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Cash (BCH) Price Facing Looming ‘Major’ Correction – Here’s When

Table of Contents

CaptainAltcoin

Alte articole publicate pe 10 apr. 2024

Bitcoin (BTC) Recovery Begins, NuggetRush (NUGX) Emerges As New Altcoin To Watch As Dogwifhat (WI...

EigenLayer: The Blackhole for Ethereum?

MANTRA’s Hongbai Incentivized Testnet Goes Live (10 Apr)

Leading crypto casino, HugeWin, now accepts deposits in 8 different cryptocurrencies

Ethena (ENA) Is ‘The LUNA Of This Cycle’ With 20x Potential: Expert

Hong Kong Ramps Up Launch of Bitcoin Exchange Traded Funds

Join our free newsletter for daily crypto updates!