{"id":128493,"date":"2021-06-11T07:49:28","date_gmt":"2021-06-11T07:49:28","guid":{"rendered":"https:\/\/precoinnews.com\/?p=128493"},"modified":"2021-06-11T07:49:28","modified_gmt":"2021-06-11T07:49:28","slug":"bitcoin-cash-analysis-remains-at-risk-unless-it-clears-650","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-remains-at-risk-unless-it-clears-650\/","title":{"rendered":"Bitcoin Cash Analysis: Remains At Risk Unless It Clears $650"},"content":{"rendered":"

Bitcoin cash price is struggling to recover above $650 against the US Dollar, similar to bitcoin. BCH\/USD remains at a risk of more downsides below $550.<\/em><\/p>\n

Bitcoin Cash Price Analysis<\/h2>\n

After facing hurdles near $750, bitcoin cash price started a fresh decline. BCH broke the $650 support level and the 55 simple moving average (4-hours) to move into a bearish zone.<\/p>\n

There was also a break below the $600 level. The price traded as low as $545 and it is now correcting higher. There was a break above the $600 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $736 high to $545 low.<\/p>\n

However, it is facing resistance near $635 and $650. It is now trading well below $650 and the 55 simple moving average (4-hours). There is also a major bearish trend line forming with resistance near $650 on the 4-hours chart of the BCH\/USD pair.<\/p>\n

The trend line and $650 are close to the 55 simple moving average (4-hours). It also coincides with the 50% Fib retracement level of the recent decline from the $736 high to $545 low.<\/p>\n

Therefore, a clear break above $650 is must to start a steady increase. The next key resistance is near $665, above which the price could clear $700. An initial support on the downside is near the $580 level. The next major support is near the $550 level, below which bitcoin cash price could dive towards the $500 level.<\/p>\n

<\/p>\n

Bitcoin Cash Price<\/p>\n

Looking at the chart, bitcoin cash price is clearly trading well below $650 and the 55 simple moving average (4-hours). Overall, the price is could extend its decline unless there is a clear break above $650 and $665.<\/p>\n

Technical indicators<\/h2>\n

4 hours MACD \u2013 The MACD for BCH\/USD is now losing pace in the bullish zone.<\/p>\n

4 hours RSI (Relative Strength Index) \u2013 The RSI for BCH\/USD is just below the 50 level.<\/p>\n

Key Support Levels \u2013 $550 and $500.<\/p>\n

Key Resistance Levels \u2013 $650 and $700.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin cash price is struggling to recover<\/p>\n","protected":false},"author":3,"featured_media":128492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBitcoin Cash Analysis: Remains At Risk Unless It Clears $650 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-remains-at-risk-unless-it-clears-650\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Cash Analysis: Remains At Risk Unless It Clears $650 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Bitcoin cash price is struggling to recover\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-remains-at-risk-unless-it-clears-650\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-11T07:49:28+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/06\/Bitcoin-Cash-Analysis-Remains-At-Risk-Unless-It-Clears-650.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-remains-at-risk-unless-it-clears-650\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-remains-at-risk-unless-it-clears-650\/\",\"name\":\"Bitcoin Cash Analysis: Remains At Risk Unless It Clears $650 - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-06-11T07:49:28+00:00\",\"dateModified\":\"2021-06-11T07:49:28+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-remains-at-risk-unless-it-clears-650\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-remains-at-risk-unless-it-clears-650\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-remains-at-risk-unless-it-clears-650\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto\",\"item\":\"https:\/\/precoinnews.com\/category\/crypto\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Bitcoin Cash Analysis: Remains At Risk Unless It Clears $650\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin Cash Analysis: Remains At Risk Unless It Clears $650 - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-remains-at-risk-unless-it-clears-650\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Cash Analysis: Remains At Risk Unless It Clears $650 - Pre Coin News","og_description":"Bitcoin cash price is struggling to recover","og_url":"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-remains-at-risk-unless-it-clears-650\/","og_site_name":"Pre Coin News","article_published_time":"2021-06-11T07:49:28+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/06\/Bitcoin-Cash-Analysis-Remains-At-Risk-Unless-It-Clears-650.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-remains-at-risk-unless-it-clears-650\/","url":"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-remains-at-risk-unless-it-clears-650\/","name":"Bitcoin Cash Analysis: Remains At Risk Unless It Clears $650 - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-06-11T07:49:28+00:00","dateModified":"2021-06-11T07:49:28+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-remains-at-risk-unless-it-clears-650\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-remains-at-risk-unless-it-clears-650\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-remains-at-risk-unless-it-clears-650\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Crypto","item":"https:\/\/precoinnews.com\/category\/crypto\/"},{"@type":"ListItem","position":3,"name":"Bitcoin Cash Analysis: Remains At Risk Unless It Clears $650"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/128493"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=128493"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/128493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/128492"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=128493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=128493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=128493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}