{"id":175675,"date":"2023-05-19T03:31:06","date_gmt":"2023-05-19T03:31:06","guid":{"rendered":"https:\/\/precoinnews.com\/?p=175675"},"modified":"2023-05-19T03:31:06","modified_gmt":"2023-05-19T03:31:06","slug":"bitcoin-cash-analysis-risk-of-fresh-drop-to-105","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-risk-of-fresh-drop-to-105\/","title":{"rendered":"Bitcoin Cash Analysis: Risk of Fresh Drop to $105"},"content":{"rendered":"<p>Earn Your First Bitcoin  Sign up and get $12 Bonus  Referral bonus up to $3,000<\/p>\n<ul>\n<li>Bitcoin cash price started a fresh decline below the $120 zone against the US Dollar.<\/li>\n<li>The price is now trading below the $118 zone and the 55 simple moving average (4 hours).<\/li>\n<li>There was a break below a key bullish trend line with support at $116.00 on the 4-hour chart of the BCH\/USD pair (data feed from Coinbase).<\/li>\n<li>The pair could continue to move down if it stays below the $116 resistance zone.<\/li>\n<\/ul>\n<p><em>Bitcoin cash price is declining below the $118 zone against the US Dollar, similar to Bitcoin. BCH\/USD could extend losses if there is a close below $112.<\/em><\/p>\n<h2>Bitcoin Cash Price Analysis<\/h2>\n<p>Bitcoin cash price struggled to gain pace for a move above the $120 and $122 resistance levels. BCH formed a high near $120.93 and started a fresh decline.<\/p>\n<p>There was a clear move below the $118.00 and $116.00 support levels. The pair even declined below the $116 support. It tested the $112 zone. A low is formed near $112.89 and the price is now consolidating losses. It is now trading above the 23.6% Fib retracement level of the recent decline from the $120.93 swing high to the $112.89 low.<\/p>\n<p>Besides, it is trading below the $118 zone and the 55 simple moving average (4 hours). Immediate resistance is near the $116.00 level and the 55 simple moving average (4 hours).<\/p>\n<p>The 50% Fib retracement level of the recent decline from the $120.93 swing high to the $112.89 low is also near $116. The next key resistance is near $118. Any more gains above $116 and $118 could set the pace for a move toward the $120 level.<\/p>\n<p>If there is a move above the $120 resistance, the price could rise toward the $128 zone. If not, the price might continue lower below $112. Immediate support on the downside is near the $110 zone. The next major support is near the $105 level, below which the bears might aim for $100.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.livebitcoinnews.com\/https:\/\/s3.amazonaws.com\/lbn-s3\/2023\/05\/Bitcoin-Cash-2.png\"><\/p>\n<p>Bitcoin Cash Price<\/p>\n<p>Looking at the chart, Bitcoin cash price is now trading below the $118 zone and the 55 simple moving average (4 hours). Overall, the price could continue to move down if it stays below the $120 resistance zone.<\/p>\n<h2>Technical indicators<\/h2>\n<p>4 hours MACD \u2013 The MACD for BCH\/USD is losing pace in the bearish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for BCH\/USD is below the 50 level.<\/p>\n<p>Key Support Levels \u2013 $112 and $110.<\/p>\n<p>Key Resistance Levels \u2013 $116 and $118.<\/p>\n<p>Source: <a href=\"https:\/\/www.livebitcoinnews.com\/bitcoin-cash-analysis-risk-of-fresh-drop-to-105\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earn Your First Bitcoin Sign up and<\/p>\n","protected":false},"author":3,"featured_media":175674,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Cash Analysis: Risk of Fresh Drop to $105 - 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-risk-of-fresh-drop-to-105\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Cash Analysis: Risk of Fresh Drop to $105 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Earn Your First Bitcoin Sign up and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-risk-of-fresh-drop-to-105\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-19T03:31:06+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\/2023\/05\/Bitcoin-Cash-Analysis-Risk-of-Fresh-Drop-to-105.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-risk-of-fresh-drop-to-105\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-risk-of-fresh-drop-to-105\/\",\"name\":\"Bitcoin Cash Analysis: Risk of Fresh Drop to $105 - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2023-05-19T03:31:06+00:00\",\"dateModified\":\"2023-05-19T03:31:06+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-risk-of-fresh-drop-to-105\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-risk-of-fresh-drop-to-105\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-risk-of-fresh-drop-to-105\/#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: Risk of Fresh Drop to $105\"}]},{\"@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: Risk of Fresh Drop to $105 - 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-risk-of-fresh-drop-to-105\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Cash Analysis: Risk of Fresh Drop to $105 - Pre Coin News","og_description":"Earn Your First Bitcoin Sign up and","og_url":"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-risk-of-fresh-drop-to-105\/","og_site_name":"Pre Coin News","article_published_time":"2023-05-19T03:31:06+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2023\/05\/Bitcoin-Cash-Analysis-Risk-of-Fresh-Drop-to-105.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-risk-of-fresh-drop-to-105\/","url":"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-risk-of-fresh-drop-to-105\/","name":"Bitcoin Cash Analysis: Risk of Fresh Drop to $105 - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2023-05-19T03:31:06+00:00","dateModified":"2023-05-19T03:31:06+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-risk-of-fresh-drop-to-105\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-risk-of-fresh-drop-to-105\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-analysis-risk-of-fresh-drop-to-105\/#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: Risk of Fresh Drop to $105"}]},{"@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\/175675"}],"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=175675"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/175675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/175674"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=175675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=175675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=175675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}