NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Faces Downgrade By S&P Global Amid Concerns Over Disclosure And Assets Holdings
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Faces Downgrade By S&P Global Amid Concerns Over Disclosure And Assets Holdings

Bitcoin Cash Price Analysis: BCH/USD Upsides Remain Capped

Aayush Jindal
Aayush Jindal
Last Updated: June 11, 2024 1:37 pm
2 mins read
technical analysis bitcoin cash

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Key Points

  • Bitcoin cash price fell sharply and even broke the $700 handle against the US Dollar.
  • There is a major bearish trend line formed with resistance near $735 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair may correct higher in the short term, but upsides are likely to be capped by $710-730.

Bitcoin cash price is back in a bearish trend below $750 against the US Dollar. BCH/USD is now facing many challenges on the upside above $710.

Bitcoin Cash Price Resistances

Yesterday, there was a sharp downside move from well above $750 in bitcoin cash price against the US Dollar. The BCH/USD pair tumbled by more than $50 and broke the $730 and $700 supports. It traded as low as $684 and it is currently consolidating losses. An initial resistance is near the 23.6% Fib retracement level of the last drop from the $779 high to $684 low near $706.

However, there are many resistances on the upside above the $706 level. The previous support at $710 is a key barrier. Moreover, there is a major bearish trend line formed with resistance near $735 on the hourly chart of the BCH/USD pair. The same trend line is close to the 50% Fib retracement level of the last drop from the $779 high to $684 low. More importantly, the 100 hourly simple moving average is also positioned near the $735 resistance. Therefore, if the price corrects higher, it could face many challenges around $710 and $730.

Bitcoin Cash Price Analysis BCH USD

Looking at the chart, the price is back in a bearish trend and if it fails to move above $710, it could decline further. On the downside, a break below $685 may push the price towards the $650 support.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is slowly moving in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is correcting higher and is currently near 40.

Major Support Level – $685

Major Resistance Level – $735

Tweet123Share196ShareSend
Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. 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.

Read more

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.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

meme coins shibarium

Τα καλύτερα meme coins ενόψει της αναβάθμισης ιδιωτικότητας του Shibarium το 2026

Το Shibarium εξελίσσεται σε βασικό κόμβο της αγοράς meme coins. Η Layer 2 λύση του Shiba Inu έχει ήδη επεξεργαστεί...

Ιωάννης Ριζόπουλος 29 minutes ago

Un top analyst traccia il percorso di Ethereum (ETH) per dicembre: possibile un rialzo del 150%?

Ethereum (ETH) ha seguito Bitcoin (BTC) nel recente recupero di mercato, riuscendo a riconquistare la soglia psicologica dei 3.000 dollari...

Orfeo Barone 48 minutes ago
Bitcoin восстанавливается: рынок обсуждает движение к $98 000

Bitcoin восстанавливается: рынок обсуждает движение к $98 000

Биткоин подает новые признаки силы после резкого падения: покупатели вернулись в рынок, а цена вновь уверенно держится выше $90 000....

dariatres 54 minutes ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

비트마인, 4,400만 달러 규모 이더리움 추가 매수… 기관 자금 복귀에 프리세일 시장도 온기

비트마인, 4,400만 달러 규모 이더리움 추가 매수… 기관 자금 복귀에 프리세일 시장도 온기

Soyeon Lee 2 minutes ago
Best Crypto To Buy As Bolivia’s Reserves Fall From $15B To $2B And Banks Embrace Digital Assets

Best Crypto To Buy As Bolivia’s Reserves Fall From $15B To $2B And Banks Embrace Digital Assets

Aaron Walker 25 minutes ago
Best Meme Coins To Buy Before the Shibarium 2026 Privacy Upgrade

Best Meme Coins To Buy Before the Shibarium 2026 Privacy Upgrade

Aaron Walker 26 minutes ago

Premium Sponsors

Press Releases

  • パイネットワーク 価格 が注目再燃

    パイネットワーク 価格...

    24 minutes ago
  • ドージコイン 今後:1ドル到達の可能性は残るが、注目を集めるのは新しい仮想通貨

    ドージコイン...

    21 hours ago
  • リップル 今後:21SharesのXRP ETF「TOXR」が金曜に上場予定──XRPはついに3ドル突破なるか

    リップル 今後:21SharesのXRP...

    21 hours ago
  • 仮想通貨 プレセール:ムーンペイのNYライセンス取得で、次世代のL2とマイン型トークンが2026年上昇へ動き出す

    仮想通貨...

    21 hours ago
  • 仮想通貨 おすすめ:ヘイズ氏が語るビットコイン回復予測と注目される代替資産

    仮想通貨...

    22 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.