ເງິນສົດ Bitcoin ມາຮອດຈຸດເວລາທີ່ ສຳ ຄັນ: ນີ້ແມ່ນເຫດຜົນທີ່ມັນສາມາດຟື້ນຟູການລົ້ມລົງ

Bitcoin cash price started an upside correction from the $205 support against the US Dollar. BCH is now facing a strong resistance near the $225 and $230 levels.

  • Bitcoin cash price is currently correcting higher from the $205 swing low against the US Dollar.
  • The price is trading above $220, but the bulls are facing hurdles near $225 and $228.
  • There is a crucial bearish trend line forming with resistance near $230 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
  • The pair must clear the $230 resistance zone to start a fresh increase in the near term.

Bitcoin Cash Price Could Reverse Gains

This past week, bitcoin cash price broke the main $225 support level to start a sharp decline. BCH even traded below the $215 support level and settled well below the ສະເລ່ຍຍ້າຍງ່າຍດາຍ 100 ໜ່ວຍ (4- ຊົ່ວໂມງ).

It tested the $205 support and remained well bid above the $200 handle. As a result, the price started an upside correction above the $215 and $220 levels. It is now trading near a major resistance at $225 (the recent breakdown zone).

The 50% Fib retracement level of the downward move from the $245 swing high to $205 low is also acting as a resistance near $225. More importantly, there is a crucial bearish trend line forming with resistance near $230 on the 4-hours chart of the BCH/USD pair.

ລາຄາເງິນສົດ Bitcoin

Bitcoin cash price trading near $225: Source: TradingView.com

The trend line is close to the 100 simple moving average (4-hours) and the 61.8% Fib retracement level of the downward move from the $245 swing high to $205 low. Therefore, the bulls need to clear the $225 and $230 resistance levels to start a steady increase.

If they succeed and the price settles above $230, there could be a decent upward move towards the ລະດັບການຕໍ່ຕ້ານ $ 245 in the coming sessions.

Fresh Bearish Wave in BCH?

If bitcoin cash price fails to break the trend line hurdle, $230, and the 100 simple moving average (4-hours), there is a risk of a fresh bearish wave.

An initial support is near the $220 level, below which the price could restart its decline. The main support is near the $205 and $200 levels, where the bulls are likely to take a stand.

ຕົວຊີ້ວັດດ້ານວິຊາການ

Hourly MACD – The MACD for BCH/USD is slowly gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently close to the 50 level, with a bearish angle.

ລະດັບສະ ໜັບ ສະ ໜູນ ຫຼັກ - $ 220 ແລະ $ 205.

ລະດັບການຕໍ່ຕ້ານທີ່ ສຳ ຄັນ - 225 ໂດລາແລະ 230 ໂດລາ.

Source: https://www.newsbtc.com/2020/06/30/bitcoin-cash-reaches-crucial-juncture-230/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-cash-reaches-crucial-juncture-230