{"id":428184,"date":"2020-06-23T05:28:34","date_gmt":"2020-06-23T05:28:34","guid":{"rendered":"https:\/\/wncen.com\/?p=428184"},"modified":"2024-06-11T12:52:39","modified_gmt":"2024-06-11T12:52:39","slug":"bitcoin-cash-100-sma-trigger-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-cash-100-sma-trigger-rally\/","title":{"rendered":"Bitcoin Cash Trading Near Inflection Point, 100 SMA Could Trigger New Rally"},"content":{"rendered":"
Bitcoin cash price is recovering from the $225 support zone against the US Dollar. BCH is slowly gaining traction, but it is facing a strong resistance near the $240 and $242 levels.<\/em><\/p>\n
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Bitcoin cash price is slowly correcting higher above $235 against the US Dollar.<\/li>\n
The price is likely to face a crucial hurdle near the $240 resistance zone.<\/li>\n
There is a key bearish trend line forming with resistance near $242 on the 4-hours chart of the BCH\/USD pair (data feed from Kraken).<\/li>\n
The pair must clear the $242 resistance zone to start a decent recovery wave in the near term.<\/li>\n<\/ul>\n
Bitcoin Cash Price is Facing a Major Hurdle<\/h2>\n