Thursday, July 24, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Market & Analysis

Signs Point to Fresh BCH Rally Ahead

n70products by n70products
February 12, 2024
in Market & Analysis
0
Signs Point to Fresh BCH Rally Ahead
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Bitcoin Money worth rallied over 15% and broke the $275 resistance. BCH is now dealing with sturdy resistance close to the $282 zone.

  • Bitcoin money worth began a recent surge above the $250 resistance.
  • The value is buying and selling above $265 and the 100 easy transferring common (4 hours).
  • There’s a key bullish development line forming with help at $258 on the 4-hour chart of the BCH/USD pair (information feed from Kraken).
  • The pair may proceed to maneuver up if it clears the $282 resistance zone.

Bitcoin Money Value Rallies Above $270

After forming a base above the $232 stage, Bitcoin Money worth began a gradual enhance. It broke the $245 resistance to enter a constructive zone, like Bitcoin and Ethereum.

There was a powerful enhance above the $250 and $265 resistance ranges. The value gained over 15% and examined the $282 resistance. A excessive was shaped close to $283 and the worth is now correcting features. There was a transfer under the $275 stage.

The value examined the 23.6% Fib retracement stage of the upward transfer from the $233 swing low to the $283 excessive. BCH is now exhibiting constructive indicators above $260 and the 100 easy transferring common (4 hours).

Bitcoin Cash Price

Supply: BCH/USD on TradingView.com

There may be additionally a key bullish development line forming with help at $258 on the 4-hour chart of the BCH/USD pair. If there may be one other enhance, the worth may face resistance close to $275. To proceed greater, the worth should settle above $282. The following main resistance is close to $292, above which the worth may speed up greater towards the $300 stage. Any additional features could lead on the worth towards the $320 resistance zone.

Contemporary Drop in BCH?

If Bitcoin Money worth fails to clear the $275 resistance, it may begin a recent decline. Preliminary help on the draw back is close to the $265 stage.

The following main help is close to the $258 stage or the development line. It’s near the 50% Fib retracement stage of the upward transfer from the $233 swing low to the $283 excessive, the place the bulls are prone to seem. If the worth fails to remain above the $258 help, the worth may take a look at the $245 help. Any additional losses could lead on the worth towards the $232 zone within the close to time period.

Technical indicators

4-hour MACD – The MACD for BCH/USD is dropping tempo within the bullish zone.

4-hour RSI (Relative Power Index) – The RSI is at present within the overbought zone.

Key Assist Ranges – $265 and $258.

Key Resistance Ranges – $275 and $282.

Disclaimer: The article is offered for instructional functions solely. It doesn’t symbolize the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You’re suggested to conduct your individual analysis earlier than making any funding choices. Use info offered on this web site totally at your individual threat.



Source link

Tags: AheadBCHFreshPointRallySigns
Previous Post

The Devcon VI Manual | Ethereum Foundation Blog

Next Post

Bitcoin’s greenhouse emissions drop 52% in last five years

Next Post
Bitcoin’s greenhouse emissions drop 52% in last five years

Bitcoin's greenhouse emissions drop 52% in last five years

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Ethereum Sees 43% Crash In Active Addresses, What’s Going On?

Ethereum Sees 43% Crash In Active Addresses, What’s Going On?

September 28, 2024
How Ethereum staking saw a boost with EigenLayer in February

How Ethereum staking saw a boost with EigenLayer in February

February 18, 2024
BlackRock Taps JPMorgan, Jane Street As Authorized Participants for Spot Market Bitcoin ETF: Bloomberg Analyst

BlackRock Taps JPMorgan, Jane Street As Authorized Participants for Spot Market Bitcoin ETF: Bloomberg Analyst

January 1, 2024
Ethereum’s next move remains uncertain amid whale sell-offs – What next?

Ethereum’s next move remains uncertain amid whale sell-offs – What next?

November 27, 2024
Ethereum Sees Neutral Netflow On Binance: What Does This Signal?

Ethereum Sees Neutral Netflow On Binance: What Does This Signal?

November 26, 2024
Top Analyst Says ‘God Candle’ Loading on Solana-Based Altcoin, Updates Outlook on Bitcoin and Dogecoin

Top Analyst Says ‘God Candle’ Loading on Solana-Based Altcoin, Updates Outlook on Bitcoin and Dogecoin

November 1, 2024

Recent Posts

  • Trump’s AI Plan Eases Data Center Rules, Strips Federal DEI Guidelines
  • Buy a MacBook or iPad for school, get a free pair of AirPods – here’s how
  • Ethereum Price Stays Elevated—Bulls Eye Further Upside

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

Trump’s AI Plan Eases Data Center Rules, Strips Federal DEI Guidelines

Trump’s AI Plan Eases Data Center Rules, Strips Federal DEI Guidelines

July 24, 2025
Buy a MacBook or iPad for school, get a free pair of AirPods – here’s how

Buy a MacBook or iPad for school, get a free pair of AirPods – here’s how

July 24, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
💵 Turn Every Dollar Into Crypto Rewards! Wirex lets you spend dollars or bitcoin — and get up to 8% back in crypto instantly. 💸 Exclusive offers dropping soon — stay tuned!
“Offers Launching Soon”
This is default text for notification bar
Learn more
Go to mobile version