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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $510

Aayush Jindal
Aayush Jindal
1 year ago
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 remained in a positive zone and is currently above the $500 support against the US Dollar.
  • There is a key bearish trend line in place with resistance at $540 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair needs to trade above the $550 resistance and the 100 hourly simple moving average to gain traction.

Bitcoin cash price is currently consolidating above $500 against the US Dollar. BCH/USD must surpass the 100 hourly SMA to trade to a new weekly high.

Bitcoin Cash Price Analysis

There were mostly positive moves above the $500 level in bitcoin cash price against the US Dollar. The BCH/USD pair recently corrected lower after trading towards the $600 level. It traded as low as $509 and later started consolidating. It traded above the 23.6% Fib retracement level of the last decline from the $591 high to $509 low. However, the upside move was capped by the $550 resistance zone.

More importantly, there is a key bearish trend line in place with resistance at $540 on the hourly chart of the BCH/USD pair. The pair also failed to clear the 50% Fib retracement level of the last decline from the $591 high to $509 low. Additionally, the 100 hourly simple moving average is also positioned near the $540 level. Therefore, the $540 and $550 levels are important hurdles for buyers. Above these, the price will most likely trade towards the $590 and $600 levels in the near term. On the downside, the key support is at $510.

Bitcoin Cash Price Analysis BCH Chart

Looking at the chart, BCH price is attempting to surpass the trend line, $540, and the 100 hourly SMA. However, buyers are struggling to gain momentum. Therefore, there could be a minor downside reaction before the price breaks $550.

Looking at the technical indicators:

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

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently near the 50 level.

Major Support Level – $510

Major Resistance Level – $550

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

Ethereum

Ethereum Bounces Hard After Support Bluff, A False Alarm Or Fresh Rally?

Ethereum just pulled a surprise upward move after dipping below key support and its rising trendline. The sudden rebound caught...

Godspower Owie 2 hours ago

FUNToken’s Current Rally Mirrors Past Bull Runs, Patience Could Pay Off Big

Crypto markets have once again entered a volatile phase, but one project is attracting focused attention: The FUN Token. Amid...

News BTC 2 hours ago
Bitcoin

Bitcoin Elliott Wave Count Predicts Further Crash To $94,000, But What Next?

Bitcoin (BTC) has been facing significant volatility and downward pressure lately. However, analysts warn that the downtrend may not be...

Scott Matherson 3 hours 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

Ethereum Whale Loads Up: $422M In ETH Bought In Under a Month

Ethereum Whale Loads Up: $422M In ETH Bought In Under a Month

Sebastian Villafuerte 53 minutes ago
텍사스, 비트코인 전략 준비금 공식화… BTC 보유 주도주는 어떤 코인?

텍사스, 비트코인 전략 준비금 공식화… BTC 보유 주도주는 어떤 코인?

Soyeon Lee 1 hour ago
Top New Crypto to Explode 100x as Circle Hit $60B Amidst Investor Frenzy

Top Next Crypto to Explode 100x as Circle Hit $60B Amidst Investor Frenzy

Aaron Walker 2 hours ago

Premium Sponsors

Press Releases

  • Shiba Inu

    Dự Đoán Hàng Đầu Về Tiền Điện Tử: Cardano...

    39 minutes ago
  • 市場全体が停滞しても上昇が期待できる5つのアルトコイン

    Crypto Tốt Nhất Có Thể Tăng 1000x Khi ETF Cho...

    52 minutes ago
  • Altcoin

    4 Altcoin Này Có Thể Tăng Giá Ngay Cả Khi Thị...

    1 hour ago
  • 100,000ドル割れから回復したビットコインと停戦混乱の中で注目される新しい仮想通貨が次に急騰する理由

    ...

    2 hours ago
  • ホルムズ海峡リスク高まる中、ビットコインの安全資産需要に連動する仮想通貨プレセールが最終週へ

    ...

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.