Bitcoin Cash Technical Analysis: Key Fibonacci level could halt the pairs progress

Bitcoin Cash still has a bullish structure
38.2% Fib level could prove to be a problem as it has done in the past
General crypto strength has helped push Bitcoin Cash higher

Rajan Dhall, MSTA FX Daily

Bitcoin Cash is looking toward higher levels today as crypto sentiment remains high following the Bakkt announcement on Friday. As Bitcoin breaks 10,700.00, Bitcoin Cash manages to reject 300.00 to the downside and reach a high of 329.34 today. The Fibonacci levels seem to be well respected in this pair (BCH/USD) as price bounced off 23.6% twice once the inital break lower consolidated. Now BCH/USD has reached higher levels 38.2% has become the next area of major resistance as it confluences with a support level that formed between May-June. On the lower timeframes (1 & 4-hour) 330.00 is a sticky resistance level currently preventing a move to higher levels.Having said all of this, last Thursday's hammer candle signalled some good volume on the downside rejection and the bais for the pair looks good for a further move higher.

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple deepen sell-off as bears take control of momentum

Bitcoin, Ethereum, and Ripple continued their corrections on Friday, posting weekly losses of nearly 6%, 3%, and 5%, respectively. BTC is nearing the November lows at $80,000, while ETH slips below $2,800 amid increasing downside pressure.

Shiba Inu Price Forecast: SHIB extends losses as whale selling intensifies bearish momentum

Shiba Inu (SHIB) price slips below $0.0000077 on Thursday after correcting the previous day. Bearish sentiment is further strengthened as holders offload SHIB, increasing selling pressure and reducing Open Interest in the derivatives market.

Top Crypto Losers: Worldcoin, Chiliz, Hyperliquid lead losses as market bleeds $1.75 billion

Worldcoin , Chiliz , and Hyperliquid posted heavy losses over the last 24 hours as Bitcoin dropped below $82,000 on Friday, triggering a $1.75 billion wipeout and mirroring the bearish tremors in the US stock market.

Fidelity unveils FIDD stablecoin, set to launch in coming weeks

Fidelity Investments announced that it will launch its first stablecoin, the Fidelity Digital Dollar (FIDD), making it one of the first large traditional firms in the US to do so.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC correction deepens as Fed stance, US-Iran risks, mining disruptions weigh

Bitcoin (BTC) price extends correction, trading below $82,000 after sliding more than 5% so far this week. The bearish price action in BTC was fueled by fading institutional demand, as evidenced by spot Exchange-Traded Funds (ETFs), which recorded $978 million in inflows through Thursday.