Bitcoin Cash Price Analysis: BCH/USD minor technical cooling as bulls recharge


  • Bitcoin Cash price is trading in the red, with losses of 1.50% in the second half of the session.
  • BCH/USD is maintaining decent heights despite the minor technical cooling observed.
  • A critical area of support should be noted at the range $460-440. 

BCH/USD daily chart

Bulls have run into some supply around the high area in June 2019, where the price peaked. 

BCH/USD 60-minute chart

The price has retested a breached range-block which the bulls broke out from during the session of 11 February. 

Spot rate:                 466.86

Relative change:     -1.50%

High:                         486.34

Low:                          459.36

 

 

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

BTC/USD risks a drop to $10,500 amid bearish technical set up

Bitcoin (BTC/USD) reversed Friday’s temporary reversal and resumed the previous bounce on Saturday, only to find stiff resistance once around the $10,800 region. A potential rising wedge formation spotted on the hourly chart. Acceptance below 10,693 could revive the bearish bias.

More Bitcoin News

Cardano Price Prediction: ADA bulls to regain control amid golden cross on hourly chart

ADA/USD consolidates the pullback from three-month lows on Saturday. Golden cross formation spotted on the hourly chart; RSI still bullish. Bulls are likely to regain control, eyeing a break above $0.10 mark.

More Cardano News

NEO Technical Analysis: A test of 200-HMA likely on NEO’s road to recovery

NEO/USD witnessed good two-way businesses on Friday, having finally settled in the red after fading a spike above the $23 mark. The buyers have regained control this Saturday, allowing a tepid bounce in the spot.

More NEO News

Crypto Market Update: Bears return on Saturday, Ethereum eyes 8% weekly loss

Sellers return across the crypto board amid quiet Saturday trading. The crypto market looks unconvinced over the recent recovery rally. Ethereum eyes a weekly loss of 8%, the worst performer when compared to its peers, Bitcoin and Ripple.

More Cryptocurrencies News

BEST CRYPTO BROKERS/EXCHANGES

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

BTC

ETH

XRP