Bitcoin Cash technical analysis: BCH/USD struggles to stay above $220 as cryptos slash gains

  • Bitcoin Cash bulls return in full swing following the rejection at $240.
  • The prevailing short-bearish trend to remain strong amid high volatility levels.

Spot rate: $225

Relative change: -4.6

Percentage change: 2%

Open: $230

High: $235

Low: $223

Trend: Strongly bearish (short-term).

BCH/USD weekly chart

Bitcoin Cash trading above a 10-months long-term trendline likely to give way for a reversal above $300.

The upside is limited by the 50 Simple Moving Average on the weekly chart.

BCH/USD daily chart

The full stochastic nears oversold levels hinting a reversal in the near-term.

The biggest task for the bulls is to defend $220 support and focus on the return to $240.

BCH/USD hourly chart

The ascending trendline remains in place to offer support despite the correction from the recent highs.

Bitcoin Cash digs deeper into the Bollinger Bands but the lower curve is offering support to the building bullish momentum.


Today last price 226.1581
Today Daily Change -4.1209
Today Daily Change % -1.79
Today daily open 230.279
Daily SMA20 238.0096
Daily SMA50 276.215
Daily SMA100 304.8289
Daily SMA200 323.6083
Previous Daily High 240.3
Previous Daily Low 229.3194
Previous Weekly High 235.7682
Previous Weekly Low 212.0442
Previous Monthly High 333.7339
Previous Monthly Low 202.6094
Daily Fibonacci 38.2% 233.514
Daily Fibonacci 61.8% 236.1054
Daily Pivot Point S1 226.2989
Daily Pivot Point S2 222.3188
Daily Pivot Point S3 215.3183
Daily Pivot Point R1 237.2796
Daily Pivot Point R2 244.2801
Daily Pivot Point R3 248.2602



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 & Analysis

Editors’ Picks

Bitcoin Price Analysis: What next as BTC/USD tests $8,600?

Bitcoin price has continued to face increasing selling activity. The weekend session was not different as seller domination continued. BTC/USD extended the bearish leg further below $9,000 to the extent of testing support at $8,600. 

More Bitcoin News

ETH/USD recovery sabotaged above $200 as consolidation sets in

Ethereum recovers slightly to settle above $200 following a dip to $190 support. ETH/USD could entertain a sideways price action in the near term according to both the RSI and the MACD.

More Ethereum News

XRP/USD bulls looking forward to a falling triangle breakout, all eyes on $0.21

Ripple price bounces off last week’s support at $0.19 but recovery stalls under $0.1950. XRP/USD is grinding towards a possible falling triangle breakout, targeting $0.21.

More Ripple News

Cryptocurrencies may weaken US dollar dominance

The adoption of digital currencies may undermine the leading positions of the US dollar in the global financial system, according to JPMorgan analysts. The US risks losing its dominant position in the global financial system.

More Cryptocurrencies News


Bitcoin Weekly Forecast: BTC bulls are nowhere to be seen

Bitcoin attempted a recovery towards $10,000 but ended up at $9,100. The first digital asset printed the second red candle on a weekly chart. It is an alarming signal for the long-term bull as BTC may be vulnerable to deeper losses.

Read the weekly forecast