Rajarshi Mitra
Independent Analyst
- BCH/USD bulls came back following a bearish Tuesday.
- The SMA 20 has crossed above the SMA 50, to chart a bullish cross pattern.
- The MACD shows decreasing bullish momentum.
BCH/USD daily chart
-637273554681534561.png)
BCH/USD bulls stepped in after a bearish Tuesday as the price went up from $254 to $254.40. The SMA 20 has crossed above the SMA 50, to chart a bullish cross pattern. The MACD shows decreasing bullish momentum, while the Elliott Oscillator has had two consecutive red sessions.
Support and Resistance
BCH/USD daily charts has three strong resistance levels on the upside at $258, $265.45 and SMA 200. On the downside, there are four healthy support levels at $246.50, SMA 20, SMA 50 and $238.80.
Key levels
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
BNB Price Forecast: Poised for a decline on negative Funding Rate
BNB price hovers around $696.40 on Thursday after declining 4.58% in the previous two days. BNB’s momentum indicators hint for a further decline as its Relative Strength Index and Moving Average Convergence Divergence show bearish signals.
Ripple's XRP eyes recovery following executives' dinner with Donald Trump
Ripple's XRP is up 2% on Wednesday following positive sentiments surrounding its CEO Brad Garlinghouse's recent dinner with incoming US President Donald Trump. If the recent recovery sentiment prevails, XRP could stage a breakout above the upper boundary line of a bullish pennant pattern.
Has Bitcoin topped for the cycle? Here's what key metrics suggest
Bitcoin experienced a 2% decline on Wednesday as the cryptocurrency market grapples with recent losses. On-chain data has indicated a shift in the accumulation of the leading cryptocurrency, suggesting that holders are increasingly selling their assets.
Ethereum Price Forecast: ETH could decline to $3,110 despite increased accumulation from whales
Ethereum briefly declined below the $3,300 key level, recording a 4% loss on Wednesday as short-term holders led the selling pressure. If the buy-side pressure of large whales fails to outweigh the bears, the top altcoin could decline to $3,110.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.