{"id":8278,"date":"2024-09-20T05:08:02","date_gmt":"2024-09-20T05:08:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=8278"},"modified":"2024-09-20T05:08:02","modified_gmt":"2024-09-20T05:08:02","slug":"bitcoin-cash-price-jumps-15-is-this-just-the-beginning-of-more-gains","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=8278","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

Bitcoin cash price started a fresh increase above the $330 level.
\nThe price is trading above $335 and the 100-hour simple moving average.
\nThere is a bullish flag pattern forming with resistance at $345 on the hourly chart of the BCH\/USD pair (data feed from Kraken).
\nThe pair could start another increase if it clears the $350 resistance zone.<\/p>\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

<\/a><\/p>\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>","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 […]<\/p>\n","protected":false},"author":0,"featured_media":8279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/8278"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8278"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/8278\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/8279"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}