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: Crypto Market Structure Talks: Senator Lummis Addresses Latest Legislation Plans
  • 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: Crypto Market Structure Talks: Senator Lummis Addresses Latest Legislation Plans

Bitcoin Cash Price Analysis: BCH/USD Could Crash Below $300

Aayush Jindal
Aayush Jindal
Last Updated: June 11, 2024 1:32 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 ABC seems to be a winner and it is currently trading below $300 against the US Dollar.
  • There is a major bearish trend line formed with resistance at $335 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is currently at a risk of a major downside break below $300 in the near term.

Bitcoin cash price is trading near $300 on Kraken against the US Dollar. BCHABC is likely to retain BCH ticker and it is currently trading below $300 on Binance.

Bitcoin Cash Price Analysis

The past few days were very bearish for bitcoin cash price as its price declined below $400 against the US Dollar. The BCH/USD pair faced heavy selling interest and the recent fork drama added to selling pressure below $400. The price declined below the $350 and $320 levels as well. The recent low was formed at $300 before there was a minor correction. Buyers pushed the price above $330 level.

There was also a break above the 23.6% Fib retracement level of the last decline from the $450 swing high to $300 low. However, the upside move was capped by the $375 resistance. More importantly, there is a major bearish trend line formed with resistance at $335 on the hourly chart of the BCH/USD pair. The pair was also rejected near the 50% Fib retracement level of the last decline from the $450 swing high to $300 low. Besides, the 100 hourly simple moving average is also around the trend line and $340.

Bitcoin Cash Price Analysis BCH Chart

Looking at the chart, BCH price remains at a risk of more losses below $300. If BCHABC retain the BCH ticker, the price is likely to slide below $275 in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is currently placed in the bearish zone.

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

Major Support Level – $300

Major Resistance Level – $335

Tweet123Share218ShareSend
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 price

Ethereum Price Climbs Toward $3,300 For The First Time Since November: What’s Driving The Surge?

On Tuesday, the Ethereum price experienced a notable surge, climbing by 6.5% and reclaiming the critical $3,300 mark for the...

Ronaldo Marquez 3 hours ago
Ethereum

Historic Reversal: Ethereum ETF Flows Plunge To Worst Month Since Launch

Ethereum’s momentum in institutional markets just hit a major roadblock. After months of enthusiasm surrounding spot Ethereum exchange-traded funds (ETFs),...

Godspower Owie 3 hours ago
bitcoin-crisis-fed-rate-cut-risk-repeating-7-down-6-pattern-what-next

比特幣危機!聯準會降息恐「7 跌 6」重演,BTC接著怎麼走?

本週,全球市場的目光聚焦於美國聯準會(FED)的最新議息會議,特別是市場對於降息的熱切期盼。然而,對於加密貨幣投資者而言,歷史數據卻敲響了警鐘。過去數次的 FED 重大利率決策期間,比特幣的價格走勢往...

Ter Yim 5 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

coinpoker-main-min

Új szintre lépett a CoinPoker mobilos élménye

Gabor Tabori 12 minutes ago
Bitcoin

The Current Bitcoin Price Pump Will End In A Crash – Here’s When To Start Selling

Scott Matherson 22 minutes ago
Bitcoin

Cathie Wood Says Bitcoin Is ‘Climbing Another Wall Of Worry’– Here’s Why

Rubmar Garcia 2 hours ago

Premium Sponsors

Press Releases

  • Gemini AI Dự Đoán Bitcoin Hyper

    ChatGPT Mới Dự Đoán Giá XRP, Solana, Và Pi Coin...

    2 minutes ago
  • Meme Coin Tiềm Năng Đáng Mua Hiện Nay

    Meme Coin Tiềm Năng Đáng Mua Hiện Nay, Maxi Doge Và...

    19 minutes ago
  • Explore Potential Coins

    Các Đồng Coin Tiềm Năng Sắp Bùng Nổ, HYPER...

    46 minutes ago
  • Top Altcoins

    Các Altcoin Nên Theo Dõi Trong Năm 2025 Với Maxi Doge...

    1 hour ago
  • ドージコイン 今後:ネットワーク指標が3か月ぶり高水準に到達、次に何が起きるのか

    ドージコイン...

    16 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.