{"id":164611,"date":"2022-09-30T07:38:00","date_gmt":"2022-09-30T07:38:00","guid":{"rendered":"https:\/\/precoinnews.com\/?p=164611"},"modified":"2022-09-30T07:38:00","modified_gmt":"2022-09-30T07:38:00","slug":"bitcoin-cash-analysis-bulls-aim-upside-break-above-120","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-bulls-aim-upside-break-above-120\/","title":{"rendered":"Bitcoin Cash Analysis: Bulls Aim Upside Break above $120"},"content":{"rendered":"

Bitcoin cash price is climbing above $115 against the US Dollar, similar to bitcoin. BCH\/USD could start a fresh surge if it clears the $120 level.<\/em><\/p>\n

Bitcoin Cash Price Analysis<\/h2>\n

Bitcoin cash price formed a decent support base above the $110 level. BCH started a recovery wave and was able to clear the $112 resistance zone.<\/p>\n

The price climbed above the $115 and $116 resistance levels. The pair surpassed the 23.6% Fib retracement level of the downward move from the $138 swing high to $106 low. It is now trading above the $115 zone and the 55 simple moving average (4-hours).<\/p>\n

However, the price seems to be facing hurdles near the $118 and $120 levels. There is also a major bearish trend line forming with resistance near $118 on the 4-hours chart of the BCH\/USD pair.<\/p>\n

The next major resistance is near the $122 level. It is close to the 50% Fib retracement level of the downward move from the $138 swing high to $106 low, above which the price may perhaps rise towards the $130 level. Any more gains above $128 and $130 could set the pace for a move towards the $140 level.<\/p>\n

Conversely, the price might trim gains and start a fresh decline below the $115 level and the 55 simple moving average (4-hours). An immediate support on the downside is near the $112 zone.<\/p>\n

The next major support is near the $110 level, below which the bears might aim $105. The next target for them may perhaps be near the $100 level.<\/p>\n

<\/p>\n

Bitcoin Cash Price<\/p>\n

Looking at the chart, bitcoin cash price is now trading above the $115 zone and the 55 simple moving average (4-hours). Overall, the price must clear $118 and $120 to continue higher in the near term.<\/p>\n

Technical indicators<\/h2>\n

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

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

Key Support Levels \u2013 $112 and $110.<\/p>\n

Key Resistance Levels \u2013 $120 and $122.<\/p>\n

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

Bitcoin cash price is climbing above $115<\/p>\n","protected":false},"author":3,"featured_media":164610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBitcoin Cash Analysis: Bulls Aim Upside Break above $120 - 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-bulls-aim-upside-break-above-120\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Cash Analysis: Bulls Aim Upside Break above $120 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Bitcoin cash price is climbing above $115\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-bulls-aim-upside-break-above-120\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-30T07:38:00+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\/2022\/09\/Bitcoin-Cash-Analysis-Bulls-Aim-Upside-Break-above-120-.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-bulls-aim-upside-break-above-120\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-bulls-aim-upside-break-above-120\/\",\"name\":\"Bitcoin Cash Analysis: Bulls Aim Upside Break above $120 - 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