HomeAltcoin NewsBitcoin Cash Analysis: BCH Sighting Crucial Break Above $215

Bitcoin Cash Analysis: BCH Sighting Crucial Break Above $215


  • Bitcoin cash price is trading above the key $192 support area against the US Dollar.
  • The price is showing positive signs above the $200 pivot level.
  • There is a major bullish trend line forming with support near $196 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).
  • The pair is likely to surge if it clears the $210 and $215 resistance levels in the near term.

Bitcoin cash price is facing a strong resistance near $215 against the US Dollar. BCH/USD could continue to climb unless there is a break below the $192 support.

Bitcoin Cash Price Analysis

Recently, bitcoin cash price faced a strong resistance near the $215 level against the US Dollar. As a result, there was a break below the $210 support and the 55 simple moving average (4-hours).

Moreover, the price spiked below the $200 support area. However, the $192 zone acted as a strong support. A low is formed near the $192 level and the price is currently correcting higher.

It surged above the $200 level and the 23.6% Fib retracement level of the downward move from the $215 high to $192 low. The price is now trading above the $200 level and it is facing hurdles near $205.

It seems like the price is struggling near the 50% Fib retracement level of the downward move from the $215 high to $192 low. On the upside, there hurdles visible near the $210 and $215 levels.

If there is a clear break above the $210 and $215 resistance levels, bitcoin cash price is likely to continue higher. The next major resistance is near the $225, above which the bulls are likely to target the $250 level in the near term.

On the downside, an initial support is near the $200 level. If there is a downside break below the $200 support, there is a risk of a break towards the $192 support area. Any further losses may perhaps lead the price towards the $182 and $175 support levels in the near term.

Bitcoin Cash Price
Bitcoin Cash Price

Looking at the chart, bitcoin cash price is showing a few positive signs above the $200 and $192 support levels.  Thus, there are high possibilities of an upside extension above the $215 level in the coming sessions.

Technical indicators

4 hours MACD – The MACD for BCH/USD is currently gaining momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for BCH/USD is currently well above the 50 level.

Key Support Levels – $200 and $192.

Key Resistance Levels – $210 and $215.


Aayush Jindal
Aayush Jindal
Aayush has spent over seven years as a financial markets contributor and observer. He specializes in market strategies and technical analysis, comes with an IT background. He possess strong technical analytical skills and is well known for his entertaining and informative analysis of the currency and commodities markets. He is a software engineer by profession, loves blogging and observing financial markets.

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