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{"id":643306,"date":"2024-09-20T05:08:02","date_gmt":"2024-09-20T05:08:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=643306"},"modified":"2024-09-20T04:05:03","modified_gmt":"2024-09-20T04:05:03","slug":"bitcoin-cash-price-jumps-15","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/bch\/bitcoin-cash-price-jumps-15\/","title":{"rendered":"Bitcoin Cash Price Jumps 15%: Is This Just the Beginning of More Gains?"},"content":{"rendered":"

Bitcoin Cash price started a major increase above the $320 resistance. BCH is consolidating and might aim for more gains above the $350 resistance.<\/em><\/p>\n

\n
Bitcoin cash price started a fresh increase above the $330 level.<\/li>\n
The price is trading above $335 and the 100-hour simple moving average.<\/li>\n
There is a bullish flag pattern forming with resistance at $345 on the hourly chart of the BCH\/USD pair (data feed from Kraken).<\/li>\n
The pair could start another increase if it clears the $350 resistance zone.<\/li>\n<\/ul>\n
Bitcoin Cash Price Starts Fresh Surge<\/h2>\n
After forming a base above the $305 level, Bitcoin Cash price started a fresh increase. BCH outpaced Bitcoin<\/a> and Ethereum<\/a> to gain over 15%. There was a clear move above the $320 resistance zone.<\/p>\n
The price even surpassed $335 and tested the $350 resistance zone. A high was formed near $349.73 and the price is now correcting gains. There was a minor move below the $345 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $306.92 swing low to the $349.73 high.<\/p>\n
Bitcoin cash price is now trading above $335 and the 100-hour simple moving average. Immediate resistance on the upside sits near the $345 level. There is also a bullish flag pattern forming with resistance at $345 on the hourly chart of the BCH\/USD pair.<\/p>\n
$\"Bitcoin$ <\/a>
Source: BCH\/USD on TradingView.com<\/a><\/figcaption><\/figure>\n
A clear move above the $345 resistance might start a decent increase. The next major resistance is near $350, above which the price might accelerate higher toward the $362 level. Any further gains could lead the price toward the $380 resistance zone.<\/p>\n
Fresh Drop in BCH?<\/h2>\n
If Bitcoin Cash price fails to clear the $345 resistance, it could start a fresh decline. Initial support on the downside is near the $335 level. The next major support is near the $328 level or the 50% Fib retracement level of the upward move from the $306.92 swing low to the $349.73 high.<\/p>\n
If the price fails to stay above the $328 support, the price could test the $320 support. Any further losses could lead the price toward the $305 zone in the near term.<\/p>\n
Technical indicators<\/p>\n
4-hour MACD \u2013 The MACD for BCH\/USD is gaining pace in the bearish zone.<\/p>\n
4-hour RSI (Relative Strength Index) \u2013 The RSI is currently above the 50 level.<\/p>\n
Key Support Levels \u2013 $335 and $328.<\/p>\n
Key Resistance Levels \u2013 $345 and $350.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin Cash price started a major increase above the $320 resistance. BCH is consolidating and might aim for more gains above the $350 resistance. Bitcoin cash price started a fresh increase above the $330 level. The price is trading above $335 and the 100-hour simple moving average. There is a bullish flag pattern forming with resistance at $345 on the hourly chart of the BCH\/USD pair (data feed from Kraken). The pair could start another increase if it clears the $350 resistance zone. Bitcoin Cash Price Starts Fresh Surge After forming a base above the $305 level, Bitcoin Cash price started a fresh increase. BCH outpaced Bitcoin and Ethereum to gain over 15%. There was a clear move above the $320 resistance zone. The price even surpassed $335 and tested the $350 resistance zone. A high was formed near $349.73 and the price is now correcting gains. There was a minor move below the $345 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $306.92 swing low to the $349.73 high. Bitcoin cash price is now trading above $335 and the 100-hour simple moving average. Immediate resistance on the upside sits near the $345 level. There is also a bullish flag pattern forming with resistance at $345 on the hourly chart of the BCH\/USD pair. A clear move above the $345 resistance might start a decent increase. The next major resistance is near $350, above which the price might accelerate higher toward the $362 level. Any further gains could lead the price toward the $380 resistance zone. Fresh Drop in BCH? If Bitcoin Cash price fails to clear the $345 resistance, it could start a fresh decline. Initial support on the downside is near the $335 level. The next major support is near the $328 level or the 50% Fib retracement level of the upward move from the $306.92 swing low to the $349.73 high. If the price fails to stay above the $328 support, the price could test the $320 support. Any further losses could lead the price toward the $305 zone in the near term. Technical indicators 4-hour MACD \u2013 The MACD for BCH\/USD is gaining pace in the bearish zone. 4-hour RSI (Relative Strength Index) \u2013 The RSI is currently above the 50 level. Key Support Levels \u2013 $335 and $328. Key Resistance Levels \u2013 $345 and $350.<\/p>\n","protected":false},"author":67,"featured_media":643308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83364],"tags":[10777,79646,10736],"class_list":["post-643306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bch","tag-bchusd","tag-bchusdt","tag-bitcoin-cash"],"acf":[],"yoast_head":"\nBitcoin Cash Price Jumps 15%: Is This Just the Beginning of More Gains?<\/title>\n<meta name=\"description\" content=\"Bitcoin Cash price started a major increase above the $320 resistance. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Cash Price Jumps 15%: Is This Just the Beginning of More Gains?","url":"http:\/\/uniquehot.com\/analysis\/bch\/bitcoin-cash-price-jumps-15\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/bch\/bitcoin-cash-price-jumps-15\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/Bitcoin-Cash-Rally.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/Bitcoin-Cash-Rally.jpg?fit=1792%2C1024"},"articleSection":"BCH","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bchusd","bchusdt","bitcoin cash"],"dateCreated":"2024-09-20T05:08:02Z","datePublished":"2024-09-20T05:08:02Z","dateModified":"2024-09-20T05:08:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Cash Price Jumps 15%: Is This Just the Beginning of More Gains?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/bch\\\/bitcoin-cash-price-jumps-15\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/bch\\\/bitcoin-cash-price-jumps-15\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Bitcoin-Cash-Rally.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Bitcoin-Cash-Rally.jpg?fit=1792%2C1024\"},\"articleSection\":\"BCH\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bchusd\",\"bchusdt\",\"bitcoin cash\"],\"dateCreated\":\"2024-09-20T05:08:02Z\",\"datePublished\":\"2024-09-20T05:08:02Z\",\"dateModified\":\"2024-09-20T05:08:02Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/Bitcoin-Cash-Rally.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/643306"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=643306"}],"version-history":[{"count":2,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/643306\/revisions"}],"predecessor-version":[{"id":643310,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/643306\/revisions\/643310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/643308"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=643306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=643306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=643306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}