{"id":181248,"date":"2023-09-12T05:39:51","date_gmt":"2023-09-12T05:39:51","guid":{"rendered":"https:\/\/precoinnews.com\/?p=181248"},"modified":"2023-09-12T05:39:51","modified_gmt":"2023-09-12T05:39:51","slug":"bitcoin-cash-price-signals-fresh-increase-despite-weakness-in-btc-and-eth","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-price-signals-fresh-increase-despite-weakness-in-btc-and-eth\/","title":{"rendered":"Bitcoin Cash Price Signals Fresh Increase Despite Weakness in BTC and ETH"},"content":{"rendered":"<p><em>Bitcoin Cash price is holding the key $180 support against the US Dollar. BCH seems to be aiming for a fresh increase toward the $205 and $220 levels.<\/em><\/p>\n<ul>\n<li>Bitcoin cash price is showing positive signs above the $180 level against the US Dollar.<\/li>\n<li>The price is trading below $200 and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break above a major bearish trend line with resistance near $189 on the 4-hour chart of the BCH\/USD pair (data feed from Kraken).<\/li>\n<li>The pair is likely to accelerate higher if it clears $197 and $200.<\/li>\n<\/ul>\n<h2>Bitcoin Cash Price Aims Higher<\/h2>\n<p>In the past few days, Bitcoin Cash price saw a steady decline below $205. BCH even traded below the $195 level, but the downsides were limited compared to Bitcoin and Ethereum.<\/p>\n<p>The price remained well-bid near the key $180 support. A low has formed near $180 and the price is now attempting a fresh increase. It broke the $185 level. There was a break above a major bearish trend line with resistance near $189 on the 4-hour chart of the BCH\/USD pair.<\/p>\n<p>The price is now testing the 23.6% Fib retracement level of the downward move from the $238 swing high to the $180 low. However, Bitcoin Cash is now trading below $200 and the 100 simple moving average (4 hours).<\/p>\n<p>Immediate resistance is near the $197 level and the 100 simple moving average (4 hours). The next major resistance is near $205 or the 50% Fib retracement level of the downward move from the $238 swing high to the $180 low.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash.png?resize=1024%2C468\"><\/p>\n<p>Source: BCH\/USD on TradingView.com<\/p>\n<p>Any further gains could lead the price toward the $220 and $225 resistance levels in the near term. The next major hurdle is near the $240 level.<\/p>\n<h2>Dips Supported in BCH?<\/h2>\n<p>If Bitcoin Cash price fails to clear the $205 resistance, it could start a fresh decline. Initial support on the downside is near the $185 level.<\/p>\n<p>The next major support is near the $180 level, where the bulls are likely to appear. If the price fails to stay above the $180 support, the price could test the $168 support. Any further losses could lead the price toward the $150 zone in the near term.<\/p>\n<p>Technical indicators<\/p>\n<p>4-hour MACD \u2013 The MACD for BCH\/USD is gaining pace in the bullish zone.<\/p>\n<p>4-hour RSI (Relative Strength Index) \u2013 The RSI is currently above the 50 level.<\/p>\n<p>Key Support Levels \u2013 $185 and $180.<\/p>\n<p>Key Resistance Levels \u2013 $197 and $205.<\/p>\n<p>Source: <a href=\"https:\/\/www.newsbtc.com\/analysis\/bch\/bitcoin-cash-price-fresh-increase-btc-and-eth\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Cash price is holding the key<\/p>\n","protected":false},"author":3,"featured_media":181247,"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 Price Signals Fresh Increase Despite Weakness in BTC and ETH - 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