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Posts published in “virtual currency”

Bitcoin Cash Price Analysis: BCH/USD Losing Momentum

Key Points Bitcoin cash price failed to hold gains above $1,220 and declined below $1,200 against the US Dollar. There is a declining channel forming with resistance at $1,220 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to extend the current decline and it could test the...

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Bitcoin Cash Price Analysis: Can BCH/USD Hold Gains?

Key Points Bitcoin cash price recovered and managed to move above the $1,250 resistance against the US Dollar. There is a key bullish trend line forming with support at $1,255 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to rise, but it could correct lower to test...

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Bitcoin Cash Price Weekly Analysis: BCH/USD Recoveries Remain Limited

Key Points Bitcoin cash price got bid near the $1.130 level and started a recovery against the US Dollar. There is a crucial bearish trend line forming with resistance near $1,320 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair may continue to rise in the short term, but it...

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Bitcoin Cash Price Analysis: BCH/USD Extends Its Decline

Key Points Bitcoin cash price failed to move above the $1,350 resistance and declined sharply against the US Dollar. There is a major bearish trend line formed with resistance at $1,250 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently correcting higher, but it may face many barriers...

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Bitcoin Cash Price Analysis: BCH/USD Facing Uphill Task

Key Points Bitcoin cash price found support near the $1,220 level and recovered slightly against the US Dollar. There is a short-term bearish trend line forming with resistance at $1,340 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is facing many hurdles on the upside near $1,340 and $1,350...

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Bitcoin Cash Price Analysis: BCH/USD Tumbled Below $1,300

Key Points Bitcoin cash price was not able to move above $1,480-1,500 and declined sharply against the US Dollar. There was a break below a key connecting bullish trend line with support at $1,410 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair even broke the last swing low and...

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Bitcoin Cash Price Analysis: BCH/USD Consolidating Below $1,500

Key Points Bitcoin cash price failed to break the $1,500 resistance and continues to trade in a range against the US Dollar. There is a short-term bullish trend line forming with support at $1,400 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to consolidate in a range...

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Bitcoin Cash Price Technical Analysis – BCH/USD Struggling Near $1,500

Key Points Bitcoin cash price recovered recently, but it struggled to break the $1,500 resistance against the US Dollar. There was a break below a short-term contracting triangle pattern with support at $1,450 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may decline a few points towards the $1,400...

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Bitcoin Cash Price Weekly Analysis – BCH/USD Upsides Remain Capped

Key Points Bitcoin cash price found support around the $1,275 level after a major decline against the US Dollar. There is a major bearish trend line forming with resistance near $1,500 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair may continue to find sellers on the upside near the...

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Bitcoin Cash Price Technical Analysis – BCH/USD Trimmed Gains

Key Points Bitcoin cash price failed to move above the $1,650 resistance and declined sharply against the US Dollar. There is a key bearish trend line forming with resistance at $1,640 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair has to stay above the $1,500 and $1,480 support levels...

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