{"id":25921,"date":"2023-07-24T06:18:50","date_gmt":"2023-07-24T06:18:50","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/07\/24\/bitcoin-cash-price-could-restart-rally-to-300-if-it-breaks-this-resistance\/"},"modified":"2023-07-24T06:18:50","modified_gmt":"2023-07-24T06:18:50","slug":"bitcoin-cash-price-could-restart-rally-to-300-if-it-breaks-this-resistance","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/07\/24\/bitcoin-cash-price-could-restart-rally-to-300-if-it-breaks-this-resistance\/","title":{"rendered":"Bitcoin Cash Price Could Restart Rally To $300 If It Breaks This Resistance"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin Cash worth began a draw back correction and examined $230 towards the US Dollar. BCH would possibly intention a contemporary rally towards the $280 and $300 ranges.<\/em><\/p>\n<ul>\n<li>Bitcoin money worth is consolidating above the $230 stage towards the US Dollar.<\/li>\n<li>The worth is buying and selling under $255 and the 100 easy transferring common (4 hours).<\/li>\n<li>There was a break above a key bearish development line with resistance close to $242 on the 4-hour chart of the BCH\/USD pair (knowledge feed from Kraken).<\/li>\n<li>The pair is prone to speed up increased if it clears $255 and $265.<\/li>\n<\/ul>\n<h2>Bitcoin Cash Price Prepares For The Next Move<\/h2>\n<p>After a robust rally, Bitcoin Cash worth confronted sellers close to the $300 zone. BCH traded as excessive as $294 and began a draw back correction, like <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-plunges-30k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-downtrend-1900\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a>. There was a transfer under the $280 pivot stage.<\/p>\n<p>The worth even declined under $255 earlier than the bulls appeared close to $230. A low is fashioned close to $232 and the value is now slowly transferring increased. There was a break above a key bearish development line with resistance close to $242 on the 4-hour chart of the BCH\/USD pair.<\/p>\n<p>The pair cleared the 23.6% Fib retracement stage of the downward transfer from the $294 excessive to the $232 low. Bitcoin Cash is now buying and selling under $265 and the 100 easy transferring common (4 hours).<\/p>\n<p>Immediate resistance is close to the $255 stage. The subsequent main resistance is close to $265 or the 100 easy transferring common (4 hours). It is near the 50% Fib retracement stage of the downward transfer from the $294 excessive to the $232 low.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-543928\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash-1.png\" alt=\"Bitcoin Cash Price\" width=\"1835\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash-1.png 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash-1-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash-1-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash-1-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash-1-1536x707.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash-1-750x345.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/07\/Bitcoin-Cash-1-1140x525.png 1140w\" sizes=\"auto, (max-width: 1835px) 100vw, 1835px\"\/><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BCHUSD\/\" target=\"_blank\" rel=\"noopener\">BCH\/USD on TradingView.com<\/a><\/p>\n<p>Any additional features may lead the value towards the $280 and $285 resistance ranges within the close to time period. The subsequent main hurdle is close to the $300 stage.<\/p>\n<h2>Dips Supported in BCH?<\/h2>\n<p>If Bitcoin Cash worth fails to clear the $255 resistance, it might begin a contemporary decline. Initial assist on the draw back is close to the $240 stage.<\/p>\n<p>The subsequent main assist is close to the $232 stage, the place the bulls are prone to seem. If the value fails to remain above the $232 assist, the value might check the $220 assist. Any additional losses may lead the value towards the $200 deal with within the close to time period.<\/p>\n<p>Technical indicators<\/p>\n<p>4-hour MACD \u2013 The MACD for BCH\/USD is gaining tempo within the bullish zone.<\/p>\n<p>4-hour RSI (Relative Strength Index) \u2013 The RSI is presently above the 50 stage.<\/p>\n<p>Key Support Levels \u2013 $240 and $232.<\/p>\n<p>Key Resistance Levels \u2013 $255 and $265.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/bch\/bitcoin-cash-price-rally-to-300\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin Cash worth began a draw back correction and examined $230 towards the US Dollar. BCH would possibly intention a contemporary rally towards the $280 and $300 ranges. Bitcoin money worth is consolidating above the $230 stage towards the US Dollar. The worth is buying and selling under $255 and the 100 easy transferring 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