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: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • 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: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Bitcoin Cash Price Analysis: BCH/USD Approaching Next Key Break

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 is currently consolidating above the $535 support against the US Dollar.
  • There is a key contracting triangle formed with resistance at $570 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is likely to make the next move either above $570 or below $550 in the near term.

Bitcoin cash price is preparing for the next move against the US Dollar. BCH/USD could rally once again if there is a break above the $570 resistance.

Bitcoin Cash Price Analysis

Yesterday, we saw a solid upward move above the $550 resistance in bitcoin cash price against the US Dollar. The BCH/USD pair traded towards the $600 level and formed a high at $589. Later, there was a minor downside correction and the price traded below $550. There was also a break below the 23.6% Fib retracement level of the last upside from the $473 low to $489 high.

On the downside, the $535 level acted as a decent support and prevented further losses. Moreover, there was no break below the 50% Fib retracement level of the last upside from the $473 low to $489 high. The price is currently consolidating above the $535 support. More importantly, there is a key contracting triangle formed with resistance at $570 on the hourly chart of the BCH/USD pair. If the pair breaks the triangle resistance at $570, it will most likely revisit the $589 high. Above the stated high, the price could test the $600 level, which is a major barrier. On the other hand, a downside break below $550 may well push the price towards the $535 support.

Bitcoin Cash Price Analysis BCH Chart

Looking at the chart, BCH price is preparing for the next move and it will either break $570 or move below $550 in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is about to move into the bullish zone.

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

Major Support Level – $550

Major Resistance Level – $570

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

PEPE

PEPE Gearing Up For Triangle Breakout: Is A 78% Move Coming?

An analyst has pointed out how a 78% price move could be coming for Pepe based on a technical analysis...

Keshav Verma 4 hours ago
dogecoin_doge_dogeusd_5_optimized

Massive Dogecoin Upside? Analyst Eye 111% DOGE Breakout Despite Heavy Selling

Dogecoin (DOGE) has surged 13% this week, climbing to $0.282, despite heavy selling pressure from investors. Over $1.63 billion worth...

James Halver 5 hours ago
Bitcoin

Bitcoin Bulls Eye Next Big Move As Price Nears $118,000, New ATH In Sight?

Bitcoin is targeting the $118,000 level, reigniting bullish momentum and fueling speculation of a potential push toward a new all-time...

Godspower Owie 9 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

dogecoin-etf-wall-street-interest-bitcoin-hyper-2025-100x-fomo-token-tw

狗狗幣ETF登場引爆華爾街關注 Bitcoin Hyper成2025年100倍幣FOMO焦點

Mark Mak 1 hour ago
Litecoin, Aptos, Polkadot, SUI, chainlink, Stellar

SUI Breakout In The Horizon? Price Eyes $4 Retest As Momentum Builds

Rubmar Garcia 1 hour ago

Snorter 代幣 ICO 募資逼近 400 萬美元 生態系統重大升級同步上線

estherw 2 hours ago

Premium Sponsors

Press Releases

  • Bitcoin vissza 117 000 USD fölött a kamatcsökkentés után – nyílnak a vásárlási lehetőségek, miközben a Bitcoin Hyper ICO már meghaladta a 16,5 millió USD-t?

    Bitcoin vissza 117 000 USD fölött a kamatcsökkentés...

    4 hours ago
  • Bitcoin vissza 117 000 USD fölött a kamatcsökkentés után – nyílnak a vásárlási lehetőségek, miközben a Bitcoin Hyper ICO már meghaladta a 16,5 millió USD-t?

    Bitcoin späť nad 117 000 USD po znížení sadzieb –...

    4 hours ago
  • Bitcoin vissza 117 000 USD fölött a kamatcsökkentés után – nyílnak a vásárlási lehetőségek, miközben a Bitcoin Hyper ICO már meghaladta a 16,5 millió USD-t?

    Bitcoin späť nad 117 000 USD po znížení sadzieb –...

    4 hours ago
  • 4 tokeny připravené na obrovský růst, které mohou předstihnout Shiba Inu (SHIB) v nadcházejícím býčím trhu

    4 tokeny připravené na obrovský růst, které mohou...

    5 hours ago
  • 4 tokeny gotowe na ogromny wzrost, które mogą wyprzedzić Shiba Inu (SHIB) w następnym rajdzie byków

    4 tokeny gotowe na ogromny wzrost, które mogą wyprzedzić...

    10 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.