Bitcoin Cash Technical Analysis: BCH/USD eyes on critical $240 support

  • Bitcoin Cash late in the session on Thursday was trading firmly in the red, down a chunky 11.50%.
  • BCH/USD is set to rest $240 which is a key daily support level, low of 3rd April.
  • If the above noted fails to hold then the price could tumble quickly back down to the pre-April bull urn levels, see around $160. 

Spot rate:                  270.01

Relative change:      -11.52%

High:                         305.94

Low:                          254.54


Today last price 269.5274
Today Daily Change -35.2372
Today Daily Change % -11.56
Today daily open 304.7646
Daily SMA20 223.6469
Daily SMA50 171.9293
Daily SMA100 151.7956
Daily SMA200 251.5698
Previous Daily High 315.5138
Previous Daily Low 295.028
Previous Weekly High 352.3611
Previous Weekly Low 165.7283
Previous Monthly High 172.9457
Previous Monthly Low 120.5261
Daily Fibonacci 38.2% 307.6882
Daily Fibonacci 61.8% 302.8536
Daily Pivot Point S1 294.6905
Daily Pivot Point S2 284.6163
Daily Pivot Point S3 274.2046
Daily Pivot Point R1 315.1763
Daily Pivot Point R2 325.588
Daily Pivot Point R3 335.6621


BCH/USD 60-minute chart

  • The price had been ranging before the bears managed to force a breach, inviting a strong wave of selling pressure to the downside. 

BCH/USD daily chart

  • Daily support is eyed at $240, 3rd April low, a breach could see a full reversal of the recent run higher. 

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.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin price prediction: November fails to impress, what about an action-filled December 2019?

Bitcoin is staring into a bottomless pit mid though the month of November. The past two years have seen Bitcoin start to stir movement upwards in November.

More Bitcoin News

The cryptocurrency market update: Bitcoin and major altcoins recover from early losses

The cryptocurrency market is navigating a sea of red on Friday. Bitcoin and all major altcoins are nursing losses both on a day-to-day basis and since the beginning of the day.

More Cryptocurrencies News

XRP/USD on the verge of a falling wedge pattern breakout

Ripple is trading below a key support week-long support at $0.27. The selling pressure on Thursday forced the price lower refreshing the levels towards $0.26. XRP commenced the trading on Friday at $0.2679 and touched a high of $0.2690.

More Ripple News

Litecoin price update: LTC/USD takes back $60 support, is $65 hurdle breakable?

Litecoin is in the middle of a recovery move following the recent slide below $60. The accrued gains chopping exercise that has been going on since the week started after another failed attempt to correct towards $65.

More Litecoin News


Bitcoin Weekly Forecast: In the middle of nowhere

Bitcoin has been drifting down since the beginning of the week, as the bulls have no luck with the recovery campaign launched during the previous weekend.

Read the weekly forecast