Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Arthur Hayes says that the crypto-bullmarkt is ready to continue, Bitcoin Path sketches to seven-digit price

2025-05-10

Trump -Binance tires are confronted with control – “The use of the family’s stablecoin to …”

2025-05-10

Settings HOUSTER 41.3K BITCOIN – This is what it means for the next Gulf of BTC

2025-05-10
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Nexus launches an AI lab for safe and verifiable artificial inteligence

    2025-05-10

    Renta Network works together with thoughts to introduce AI-driven discovery into the Real-World Assets

    2025-05-10

    Decentralized AI Society to run Hypercycle Masternode

    2025-05-09

    Agi Open Network Partners with AI Sim for Smarter, faster AI agents

    2025-05-09

    Hela Labs to redefine decentralized data possession in collaboration with Insight Genesis

    2025-05-09
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Arthur Hayes says that the crypto-bullmarkt is ready to continue, Bitcoin Path sketches to seven-digit price

    2025-05-10

    Chainlink keeps strong at $ 15.29 support – is a new breakout on your hands?

    2025-05-10

    NFT-Ecosystemtoken built on Solana (SOL) Hapert after obtaining surprise support from Binance Futures

    2025-05-09

    XRP analyst marks XDC for 3,350% starts as bullish statistics appear

    2025-05-09

    Trader says that the market is ready for a strong reversal after Bullish Move – here is his target for Ethereum and Altcoins

    2025-05-09
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Bitcoin Cash price could restart the rally towards $300 if this resistance is broken
Analysis

Bitcoin Cash price could restart the rally towards $300 if this resistance is broken

2023-07-24No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin cash price started a downside correction and tested USD 230 against the US dollar. BCH could target another rally at the $280 and $300 levels.

  • Bitcoin Cash price is consolidating above the $230 level against the US Dollar.
  • The price is trading below $255 and the 100 simple moving average (4 hours).
  • There was a break above a major bearish trendline with resistance near USD 242 on the 4-hour chart of the BCH/USD pair (data feed from Kraken).
  • The pair is likely to accelerate higher as it clears $255 and $265.

Bitcoin Cash Price is preparing for the next step

After a strong rally, Bitcoin Cash price faced sellers near the USD 300 zone. BCH traded as low as $294 and started a downside correction, like Bitcoin and Ethereum. There was a move below the $280 pivot level.

The price even dropped below $255 before the bulls appeared near $230. A low is formed near $232 and the price is now slowly moving up. There was a break above a key bearish trendline with resistance near USD 242 on the 4-hour chart of the BCH/USD pair.

The pair cleared the 23.6% Fib retracement level of the downward move from the $294 high to the $232 low. Bitcoin Cash is now trading below $265 and the 100 simple moving average (4 hours).

Immediate resistance is near the $255 level. The next major resistance is near $265 or the 100 simple moving average (4 hours). It is close to the 50% Fib retracement level of the downward move from $294 high to $232 low.

See also  LTC could retest $60 before another wave

Bitcoin Cash price

Source: BCH/USD at TradingView.com

Any further gains could lead the price towards the $280 and $285 resistance levels in the near term. The next big hurdle is near the $300 level.

Dips supported in BCH?

If Bitcoin Cash price fails to clear the $255 resistance, it could start a fresh decline. The first support on the downside is near the $240 level.

The next major support is near the $232 level, where the bulls are likely to emerge. If the price fails to stay above the $232 support, the price could test the $220 support. Any further losses could lead the price towards the $200 handle in the near term.

Technical indicators

4-Hour MACD – The MACD for BCH/USD is gaining momentum in the bullish zone.

4-hour RSI (Relative Strength Index) – The RSI is currently above the 50 level.

Main Support Levels – $240 and $232.

Main resistance levels – $255 and $265.

Source link

Bitcoin Broken Cash Price rally Resistance restart
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Arthur Hayes says that the crypto-bullmarkt is ready to continue, Bitcoin Path sketches to seven-digit price

2025-05-10

Settings HOUSTER 41.3K BITCOIN – This is what it means for the next Gulf of BTC

2025-05-10

While Bitcoin crosses $ 100k, Robinhood rises 15%, BTC Miners’ Time to Shine, and more

2025-05-10

Chainlink keeps strong at $ 15.29 support – is a new breakout on your hands?

2025-05-10
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Want to predict the tops and bottoms of Bitcoin? ‘The Rainbow Card’ is for you

2023-12-29

Bitcoin: Rising spot ETF frenzy is impacting these areas

2023-10-30

Fermion Protocol defines luxury ownership with $ 1 million Dolce & Gabbana Glass Suit Fractioning

2025-02-24
Editors Picks

According to CoinGecko, the NFT market is still in a bear phase

2024-10-17

Why does Crypto crash today?

2025-02-03

A possible deep correction could push Cardano price to $0.43. Here’s how

2024-12-25

What is the next step for Chainlink (link) price? Analysts Card important levels

2025-02-09
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Arthur Hayes says that the crypto-bullmarkt is ready to continue, Bitcoin Path sketches to seven-digit price

Trump -Binance tires are confronted with control – “The use of the family’s stablecoin to …”

Settings HOUSTER 41.3K BITCOIN – This is what it means for the next Gulf of BTC

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,833.080.76%
  • ethereumEthereum(ETH)$2,404.832.50%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.401.58%
  • binancecoinBNB(BNB)$660.464.48%
  • solanaSolana(SOL)$171.532.34%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.22885910.95%
  • cardanoCardano(ADA)$0.802.45%
  • tronTRON(TRX)$0.2643562.25%
  • suiSui(SUI)$3.980.72%
  • chainlinkChainlink(LINK)$16.361.64%
  • avalanche-2Avalanche(AVAX)$24.465.87%
  • stellarStellar(XLM)$0.3053441.60%
  • shiba-inuShiba Inu(SHIB)$0.0000165.94%
  • hedera-hashgraphHedera(HBAR)$0.2096384.42%
  • hyperliquidHyperliquid(HYPE)$25.583.17%
  • the-open-networkToncoin(TON)$3.404.44%
  • bitcoin-cashBitcoin Cash(BCH)$423.373.25%
  • polkadotPolkadot(DOT)$5.1411.76%
  • unus-sed-leoUNUS SED LEO(LEO)$8.71-0.20%
  • litecoinLitecoin(LTC)$103.505.42%
  • moneroMonero(XMR)$318.915.11%
  • bitget-tokenBitget Token(BGB)$4.806.33%
  • pepePepe(PEPE)$0.0000130.60%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.73-1.74%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$6.716.14%
  • bittensorBittensor(TAO)$451.215.41%
  • nearNEAR Protocol(NEAR)$3.004.37%
  • aptosAptos(APT)$5.771.79%
  • aaveAave(AAVE)$221.105.90%
  • okbOKB(OKB)$54.931.85%
  • ondo-financeOndo(ONDO)$1.042.19%
  • ethereum-classicEthereum Classic(ETC)$19.602.59%
  • internet-computerInternet Computer(ICP)$5.503.88%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.260.47%
  • kaspaKaspa(KAS)$0.1057282.13%
  • gatechain-tokenGateToken(GT)$22.252.20%
  • crypto-com-chainCronos(CRO)$0.1025842.29%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2597392.30%
  • render-tokenRender(RENDER)$5.165.15%
  • vechainVeChain(VET)$0.0309165.44%
  • mantleMantle(MNT)$0.771.03%
  • ethenaEthena(ENA)$0.3844733.53%
  • usd1World Liberty Financial USD(USD1)$1.000.08%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.873.05%
  • algorandAlgorand(ALGO)$0.2390332.38%
  • filecoinFilecoin(FIL)$3.082.89%
  • bitcoinBitcoin(BTC)$103,833.080.76%
  • ethereumEthereum(ETH)$2,404.832.50%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.401.58%
  • binancecoinBNB(BNB)$660.464.48%
  • solanaSolana(SOL)$171.532.34%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.22885910.95%
  • cardanoCardano(ADA)$0.802.45%
  • tronTRON(TRX)$0.2643562.25%
  • suiSui(SUI)$3.980.72%
  • chainlinkChainlink(LINK)$16.361.64%
  • avalanche-2Avalanche(AVAX)$24.465.87%
  • stellarStellar(XLM)$0.3053441.60%
  • shiba-inuShiba Inu(SHIB)$0.0000165.94%
  • hedera-hashgraphHedera(HBAR)$0.2096384.42%
  • hyperliquidHyperliquid(HYPE)$25.583.17%
  • the-open-networkToncoin(TON)$3.404.44%
  • bitcoin-cashBitcoin Cash(BCH)$423.373.25%
  • polkadotPolkadot(DOT)$5.1411.76%
  • unus-sed-leoUNUS SED LEO(LEO)$8.71-0.20%
  • litecoinLitecoin(LTC)$103.505.42%
  • moneroMonero(XMR)$318.915.11%
  • bitget-tokenBitget Token(BGB)$4.806.33%
  • pepePepe(PEPE)$0.0000130.60%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.73-1.74%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$6.716.14%
  • bittensorBittensor(TAO)$451.215.41%
  • nearNEAR Protocol(NEAR)$3.004.37%
  • aptosAptos(APT)$5.771.79%
  • aaveAave(AAVE)$221.105.90%
  • okbOKB(OKB)$54.931.85%
  • ondo-financeOndo(ONDO)$1.042.19%
  • ethereum-classicEthereum Classic(ETC)$19.602.59%
  • internet-computerInternet Computer(ICP)$5.503.88%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.260.47%
  • kaspaKaspa(KAS)$0.1057282.13%
  • gatechain-tokenGateToken(GT)$22.252.20%
  • crypto-com-chainCronos(CRO)$0.1025842.29%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2597392.30%
  • render-tokenRender(RENDER)$5.165.15%
  • vechainVeChain(VET)$0.0309165.44%
  • mantleMantle(MNT)$0.771.03%
  • ethenaEthena(ENA)$0.3844733.53%
  • usd1World Liberty Financial USD(USD1)$1.000.08%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.873.05%
  • algorandAlgorand(ALGO)$0.2390332.38%
  • filecoinFilecoin(FIL)$3.082.89%