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{"id":574560,"date":"2024-02-12T04:58:16","date_gmt":"2024-02-12T04:58:16","guid":{"rendered":"https:\/\/wncen.com\/?p=574560"},"modified":"2024-06-11T14:40:13","modified_gmt":"2024-06-11T14:40:13","slug":"bitcoin-cash-price-gains-282","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-cash-price-gains-282\/","title":{"rendered":"Bitcoin Cash Price Solid 15% Gain: Signs Point to Fresh BCH Rally Ahead"},"content":{"rendered":"

Bitcoin Cash price rallied over 15% and broke the $275 resistance. BCH is now facing strong resistance near the $282 zone.<\/em><\/p>\n

\n
Bitcoin cash price started a fresh surge above the $250 resistance.<\/li>\n
The price is trading above $265 and the 100 simple moving average (4 hours).<\/li>\n
There is a key bullish trend line forming with support at $258 on the 4-hour chart of the BCH\/USD pair (data feed from Kraken).<\/li>\n
The pair could continue to move up if it clears the $282 resistance zone.<\/li>\n<\/ul>\n
Bitcoin Cash Price Rallies Above $270<\/h2>\n
After forming a base above the $232 level, Bitcoin Cash price started a steady increase. It broke the $245 resistance to enter a positive zone, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
There was a strong increase above the $250 and $265 resistance levels. The price gained over 15% and tested the $282 resistance. A high was formed near $283 and the price is now correcting gains. There was a move below the $275 level.<\/p>\n
The price tested the 23.6% Fib retracement level of the upward move from the $233 swing low to the $283 high. BCH is now showing positive signs above $260 and the 100 simple moving average (4 hours).<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BCH\/USD on TradingView.com<\/a><\/p>\n
There is also a key bullish trend line forming with support at $258 on the 4-hour chart of the BCH\/USD pair. If there is another increase, the price might face resistance near $275. To continue higher, the price must settle above $282. The next major resistance is near $292, above which the price might accelerate higher toward the $300 level. Any further gains could lead the price toward the $320 resistance zone.<\/p>\n
Fresh Drop in BCH?<\/h2>\n
If Bitcoin Cash price fails to clear the $275 resistance, it could start a fresh decline. Initial support on the downside is near the $265 level.<\/p>\n
The next major support is near the $258 level or the trend line. It is close to the 50% Fib retracement level of the upward move from the $233 swing low to the $283 high, where the bulls are likely to appear. If the price fails to stay above the $258 support, the price could test the $245 support. Any further losses could lead the price toward the $232 zone in the near term.<\/p>\n
Technical indicators<\/p>\n
4-hour MACD \u2013 The MACD for BCH\/USD is losing pace in the bullish zone.<\/p>\n
4-hour RSI (Relative Strength Index) \u2013 The RSI is currently in the overbought zone.<\/p>\n
Key Support Levels \u2013 $265 and $258.<\/p>\n
Key Resistance Levels \u2013 $275 and $282.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin Cash price rallied over 15% and broke the $275 resistance. BCH is now facing strong resistance near the $282 zone. Bitcoin cash price started a fresh surge above the $250 resistance. The price is trading above $265 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $258 on the 4-hour chart of the BCH\/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $282 resistance zone. Bitcoin Cash Price Rallies Above $270 After forming a base above the $232 level, Bitcoin Cash price started a steady increase. It broke the $245 resistance to enter a positive zone, like Bitcoin and Ethereum. There was a strong increase above the $250 and $265 resistance levels. The price gained over 15% and tested the $282 resistance. A high was formed near $283 and the price is now correcting gains. There was a move below the $275 level. The price tested the 23.6% Fib retracement level of the upward move from the $233 swing low to the $283 high. BCH is now showing positive signs above $260 and the 100 simple moving average (4 hours). Source: BCH\/USD on TradingView.com There is also a key bullish trend line forming with support at $258 on the 4-hour chart of the BCH\/USD pair. If there is another increase, the price might face resistance near $275. To continue higher, the price must settle above $282. The next major resistance is near $292, above which the price might accelerate higher toward the $300 level. Any further gains could lead the price toward the $320 resistance zone. Fresh Drop in BCH? If Bitcoin Cash price fails to clear the $275 resistance, it could start a fresh decline. Initial support on the downside is near the $265 level. The next major support is near the $258 level or the trend line. It is close to the 50% Fib retracement level of the upward move from the $233 swing low to the $283 high, where the bulls are likely to appear. If the price fails to stay above the $258 support, the price could test the $245 support. Any further losses could lead the price toward the $232 zone in the near term. Technical indicators 4-hour MACD \u2013 The MACD for BCH\/USD is losing pace in the bullish zone. 4-hour RSI (Relative Strength Index) \u2013 The RSI is currently in the overbought zone. Key Support Levels \u2013 $265 and $258. Key Resistance Levels \u2013 $275 and $282.<\/p>\n","protected":false},"author":67,"featured_media":405676,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10777,79646,10736],"class_list":["post-574560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bchusd","tag-bchusdt","tag-bitcoin-cash"],"acf":[],"yoast_head":"\nBitcoin Cash Price Solid 15% Gain: Signs Point to Fresh BCH Rally Ahead<\/title>\n<meta name=\"description\" content=\"Bitcoin Cash price rallied over 15% and broke the $275 resistance. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Cash Price Solid 15% Gain: Signs Point to Fresh BCH Rally Ahead","url":"http:\/\/wncen.com\/news\/bitcoin-cash-price-gains-282\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-cash-price-gains-282\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/11\/bitcoin-cash-bchanalysis.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/11\/bitcoin-cash-bchanalysis.jpg?fit=1000%2C666"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bchusd","bchusdt","bitcoin cash"],"dateCreated":"2024-02-12T04:58:16Z","datePublished":"2024-02-12T04:58:16Z","dateModified":"2024-06-11T14:40:13Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Cash Price Solid 15% Gain: Signs Point to Fresh BCH Rally Ahead\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-cash-price-gains-282\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-cash-price-gains-282\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/bitcoin-cash-bchanalysis.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/bitcoin-cash-bchanalysis.jpg?fit=1000%2C666\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bchusd\",\"bchusdt\",\"bitcoin cash\"],\"dateCreated\":\"2024-02-12T04:58:16Z\",\"datePublished\":\"2024-02-12T04:58:16Z\",\"dateModified\":\"2024-06-11T14:40:13Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/11\/bitcoin-cash-bchanalysis.jpg?fit=1000%2C666","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/574560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=574560"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/574560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/405676"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=574560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=574560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=574560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}