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: Bitcoin Outlook Post Fed's 0.25% Rate Cut: Historical Patterns And Predictions
  • 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: Bitcoin Outlook Post Fed's 0.25% Rate Cut: Historical Patterns And Predictions

Bitcoin Cash Price Technical Analysis – BCH/USD Could Move Higher

Aayush Jindal
Aayush Jindal
Last Updated: June 11, 2024 1:23 pm
2 mins read
Bitcoin Cash Price Technical Analysis BCH USD

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 slowly gaining pace and is currently trading above $950 against the US Dollar.
  • There was a break above a major bearish trend line with resistance at $925 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is now trading above the $940 support and the 100 hourly simple moving average.

Bitcoin cash price is trading nicely in a bullish zone against the US Dollar. BCH/USD may correct a few points, but it could find support near the $940-950 levels.

Bitcoin Cash Price Support

There was a slow and steady upside move initiated from the $903 swing low in bitcoin cash price against the US Dollar. The price traded higher and managed to move above a major resistance near $920. Moreover, there was a break above the $930 level and the 100 hourly simple moving average. The best part was a break above a major bearish trend line with resistance at $925 on the hourly chart of the BCH/USD pair.

The pair traded above the $950 level and tested the $1,000 resistance. A high was formed at $1,018 from where a downside correction was initiated. At the moment, the price is trading just below the 23.6% Fib retracement level of the last wave from the $903 low to $1,018 high. However, there are many supports on the downside near $940. The mentioned $940 level is also around the 100 hourly SMA. More importantly, the 50% Fib retracement level of the last wave from the $903 low to $1,018 high is at $961.

Bitcoin Cash Price Technical Analysis BCH USD

Therefore, it seems like there is a decent support forming near $940, $960 and the 100 hourly SMA. On the upside, a proper close above $1,000 could ignite more gains.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is decreasing its bullish slope.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently near the 60 level with positive signs.

Major Support Level – $940

Major Resistance Level – $1,000

 

Charts courtesy – Trading View

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

Bitcoin

Bitcoin Faces Immediate Key Levels At $76,000 And $99,000 — What Comes Next?

Bitcoin’s bearish momentum has since reached a cool-off state, as price maintains above the last swing low established late November....

Semilore Faleti 7 hours ago

Raoul Pal Voorspelt Altseason 2026: 10x Voor Cardano

Macro-investeerder Raoul Pal gooit opnieuw olie op het vuur. In recente optredens voorspelt hij een altseason in 2026 waarin Cardano...

Lars Diederiksen 8 hours ago
Ethereum

If This Ethereum Bear Flag Pattern Holds, ETH Price Could Be On Its Way To $2,400

Since early October, when the Ethereum price began its dive into bearish territory, it has struggled to regain any of...

Opeyemi Sule 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

Ethereum

Ethereum Holds Support As Smart Money Steps In – What This Means For Price

Godspower Owie 34 minutes ago
XRP

XRP Mirrors 2016 Trend That Led To 69% Crash Before 110,000% Rally

Scott Matherson 1 hour ago
Bitcoin

Bitcoin Macro Retracement Meets Mid-Range Battle – Will Bulls Reclaim Momentum?

Godspower Owie 3 hours ago

Premium Sponsors

Press Releases

  • イーサリアム 今後の価格見通し:4,400ドルで上値を抑えられる一方、ETF資金流入が加速

    イーサリアム...

    11 hours ago
  • ビットコイン 今後の価格見通し:米議会が SEC に 401(k) での BTC 解禁を迫る、12.5 兆ドルの年金資金は新高値を後押しするのか

    ビットコイン 今後の価格見通し:米議会が...

    11 hours ago
  • 新しい仮想通貨:長期的な成長ポテンシャルが注目される有力プロジェクト

    ...

    11 hours ago
  • リップル 今後の価格見通し:ソラナ統合が示すXRPの新展開、DeFi流動性は5ドル到達を後押しするか

    リップル...

    11 hours ago
  • シバコイン 今後の価格見通し:SHIBコミュニティに広がる大規模詐欺警告、2026年を占う前兆か

    シバコイン...

    11 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.