Bitcoin Cash Price Analysis: BCH finally breaks above $231 resistance level

  • BCH has been previously trending in a $10-range between $221.20 to $231.
  • BCH must now get over strong resistance between $236.58 and $243.20

After trending in a narrow $10-range between $221.20 to $231, the bulls were finally able to push above the $231 resistance line. Currently, the buyers aim to take BCH/USD to $243.85 to break above the SMA 20 curve. The recent bullish price action has jumped the RSI from the edge of the oversold zone to 50. What this means is that there is more space for buyers to push the price up.

BCH/USD daily 

BCH/USD daily chart



However, to enjoy any more bullish movement, BCH has to somehow get over strong resistance between $236.58 and $243.20. If they do manage to do that, then the price should be able to go up to $273, where it encounters the next strong resistance level.

On the flip side, if the price does fail to encounter the initial resistance, there is a moderate-to-strong support zone between $226.65 to $233.27.

Key levels


Today last price 238.6948
Today Daily Change 12.7416
Today Daily Change % 5.64
Today daily open 225.9532
Daily SMA20 244.8972
Daily SMA50 274.7613
Daily SMA100 254.6179
Daily SMA200 248.8554
Previous Daily High 228.8056
Previous Daily Low 219.0434
Previous Weekly High 233.272
Previous Weekly Low 215.8975
Previous Monthly High 338.2532
Previous Monthly Low 244.1306
Daily Fibonacci 38.2% 225.0765
Daily Fibonacci 61.8% 222.7726
Daily Pivot Point S1 220.3959
Daily Pivot Point S2 214.8385
Daily Pivot Point S3 210.6337
Daily Pivot Point R1 230.1581
Daily Pivot Point R2 234.3629
Daily Pivot Point R3 239.9202



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Top 3 Gainers: OMG, SXP, and STORJ explode 70% and are eying up more gains

The entire cryptocurrency market is bouncing back up, strongly gaining more than $28 billion in market capitalization over the past week. Some of the biggest gainers include OMG, SXP, and STORJ. 

More Crypto News

The final testnet of Ethereum 2.0 Spadina goes live; ETH reaction muted

Ethereum developers announced the launch of Spadina, the last test version of Ethereum 2.0. According to the announcement, it will be active for three days and serve as a general rehearsal before the Ethereum 2.0 goes live. 

More Ethereum News

Cardano Price Prediction: ADA could be poised for a potentially deadly selloff

Cardano established a new 2020-high on July 26 at $0.15. The digital asset is down 50% since its peak, and it’s currently trying to recover. 

More Cardano news

Reddit users should hurry up if they want to cash out MOON tokens, price is falling

Reddit's crypto community has worked out a way to sell its native token MOON for cash. The coin that was initially hosted on an Ethereum testnet and intended for internal use only is now converted to a mainnet currency and traded on DeFi-protocols.

More News


Bitcoin Weekly Forecast: Keep calm and HODL on until the USA elects the president

Bitcoin (BTC) partially regained the losses incurred at the beginning of the week; however, the upside momentum is still too weak to take the price out of the bearish territory and ensure a sustainable recovery. 

Read the weekly forecast