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.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Cash price analysis: BCH/USD inching closer to flag pattern breakout

Bitcoin Cash is intentional with this current bullish momentum. The price has been able to sustain above the short-term ascending channel despite testing it twice. The brief deep under $220 support saw Bitcoin Cash make a comeback above $225. 

More Bitcoin Cash News

Ethereum market update: ETH/USD locked in a range after the recent sell-off

ETH has been moving in a tight range after a strong sell-off from the recent high of $197.00. The second-largest con with the current market value of $19.8 billion has recovered from October 12 low of $177.22 to trade at $183.50 at the time of writing, however, the upside momentum is weak. 

More Ethereum News

TRON price analysis: TRX/USD may retest the recent high

At the time of writing, TRX/USD is changing hands at $0.0166. The coin has gained over 4.5% in seven 24 days, and the upside momentum is still strong. Currently, TRON takes 11th place in the global cryptocurrency market rating with a market value of $1.1 billion and an average daily trading value of $638 million.

More Tron News

EOS mainnet used in tokenizing Deutsche Bank bond

The Deutsche Bank dBonds team has successfully tokenized the bank’s bond on EOS mainnet. The tokenization took place in collaboration with Queen Street Finance, an authorized UK-based custodian. Queen Street Finance already has a stablecoin digital asset DUSD that runs on EOS protocol.

More EOS News


Bitcoin Weekly Forecast: BTC bulls trapped below SMA200 daily

Bitcoin bulls have had a short glimpse of victory only to suffer a bitter disappointment this week.

Read the weekly forecast