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Bitcoin Cash Price Analysis: BCH/USD psychological $500 is in reaching distance

  • Bitcoin Cash price is trading in the red, with losses of 1.75% in the second half of the session.
  • BCH/USD is heading for a breakdown of $450, where critical near-term resistance is eyed. 
  • A challenge of where the price peaked in June-July will be pivotal for Bitcoin Cash. 
Bitcoin Cash Price Analysis: BCH/USD psychological $500 is in reaching distance
Ken ChigboKen ChigboIndependent Analyst

BCH/USD weekly chart

The price has been pushing aggressively higher for the last seven weeks, with the bulls aiming for a move back into $500. 

BCH/USD daily chart

A breakdown of the daily resistance eyed at $450, should open up the doors for a return into $500. 

Spot rate:                 437.65

Relative change:     -1.75%

High:                         441.73

Low:                          417.67

BCH/USD

Overview
Today last price438.6498
Today Daily Change-6.1566
Today Daily Change %-1.38
Today daily open444.8064
 
Trends
Daily SMA20365.4539
Daily SMA50286.6961
Daily SMA100263.2545
Daily SMA200272.8669
 
Levels
Previous Daily High448.0811
Previous Daily Low417.6734
Previous Weekly High397.8693
Previous Weekly Low307.1881
Previous Monthly High404.3638
Previous Monthly Low191.7762
Daily Fibonacci 38.2%436.4653
Daily Fibonacci 61.8%429.2891
Daily Pivot Point S1425.6261
Daily Pivot Point S2406.4459
Daily Pivot Point S3395.2184
Daily Pivot Point R1456.0339
Daily Pivot Point R2467.2613
Daily Pivot Point R3486.4416

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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