TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Bitcoin Cash Technical Analysis: BCH/USD bears aim for $230 psychological level

  • The bears were in cruise control this Monday.
  • BCH/USD looks to drop below red Ichimoku cloud.
  • The MACD shows decreasing bullish momentum.
Bitcoin Cash Technical Analysis: BCH/USD bears aim for $230 psychological level
Rajarshi MitraRajarshi MitraIndependent Analyst

BCH/USD daily chart

BCH/USD daily chart

BCH/USD bears dominated Monday and took the price down from 237.64 to $230.25. The bears aim to take the price below the $230 psychological level and the red Ichimoku cloud. The MACD shows decreasing bullish momentum.

Support and Resistance

The bears will want to conquer support at $229.89 (SMA 20), $225.35 and $220.20 to continue the downward momentum. On the upside, strong resistance lies at $232.85, $237.71 (SMA 50) and $240.60. 

Key levels

BCH/USD

Overview
Today last price230.7897
Today Daily Change-6.7184
Today Daily Change %-2.83
Today daily open237.5081
 
Trends
Daily SMA20230.4072
Daily SMA50237.4865
Daily SMA100239.1934
Daily SMA200271.5692
 
Levels
Previous Daily High239.2576
Previous Daily Low232.2901
Previous Weekly High246.0454
Previous Weekly Low215.8202
Previous Monthly High269.2895
Previous Monthly Low204.6275
Daily Fibonacci 38.2%236.596
Daily Fibonacci 61.8%234.9517
Daily Pivot Point S1233.4462
Daily Pivot Point S2229.3844
Daily Pivot Point S3226.4787
Daily Pivot Point R1240.4138
Daily Pivot Point R2243.3195
Daily Pivot Point R3247.3813


 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

More from Rajarshi Mitra
Share:

Editor's Picks

XRP steadies in narrow range as fund inflows, futures interest rise

XRP steadies in narrow range as fund inflows, futures interest rise

Ripple is trading in a narrow range between $1.45 (immediate support) and $1.50 (resistance) at the time of writing on Monday. The remittance token extended its recovery last week, peaking at $1.67 on Sunday from the weekly open at $1.43. 

Crypto Today: Bitcoin, Ethereum, XRP trade within range amid low retail interest 

Crypto Today: Bitcoin, Ethereum, XRP trade within range amid low retail interest 

Bitcoin, Ethereum and Ripple continue to exhibit subdued volatility, consolidating within narrow ranges at the time of writing on Monday. Persistent low retail participation and weak technical structures limit the chances of any extended upside price movements.

Bitcoin consolidates as on-chain data show mixed signals

Bitcoin consolidates as on-chain data show mixed signals

Bitcoin price has consolidated between $65,700 and $72,000 over the past nine days, with no clear directional bias. US-listed spot ETFs recorded a $359.91 million weekly outflow, marking the fourth consecutive week of withdrawals.

Monero Price Forecast: XMR risks a drop below $300 under mounting bearish pressure

Monero Price Forecast: XMR risks a drop below $300 under mounting bearish pressure

Monero (XMR) starts the week under pressure, recording a 4% decline at press time on Monday after a 7% drop the previous day, putting the $300 support zone in focus.

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

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 bears aren’t done yet

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.