{"id":153744,"date":"2018-07-18T00:28:13","date_gmt":"2018-07-18T04:28:13","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/bitcoin-cash-bch-price-watch-ready-for-uptrend-confirmation\/153744"},"modified":"2021-08-24T06:20:21","modified_gmt":"2021-08-24T10:20:21","slug":"bitcoin-cash-bch-price-watch-ready-for-uptrend-confirmation","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-cash-bch-price-watch-ready-for-uptrend-confirmation","title":{"rendered":"Bitcoin Cash (BCH) Price Watch: Ready for Uptrend Confirmation?"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>Bitcoin Cash Price Key Highlights<\/strong><\/p>\n<ul>\n<li>Bitcoin Cash also formed a double bottom reversal pattern and appears to be inching past the neckline.<\/li>\n<li>In that case, this could confirm that bulls are back in the game and ready to take price much higher from here.<\/li>\n<li>Technical indicators are still reflecting the presence of bearish pressure, though.<\/li>\n<\/ul>\n<p><em>Bitcoin Cash is attempting to break past the neckline of its reversal pattern to signal that an uptrend is in the cards.<\/em><\/p>\n<p><strong>Technical Indicators Signals<\/strong><\/p>\n<p>The 100 SMA is still below the longer-term 200 SMA on this time frame to indicate that the path of least resistance is to the downside. In other words, there\u2019s a good chance that the downtrend might still be able to resume.<\/p>\n<p>Then again, the gap between the moving averages has narrowed enough to suggest that a bullish crossover is imminent. Once that happens, more buyers could rush in and sustain the climb. The chart pattern spans around $650 to $800 so the resulting rally could be of the same height.<\/p>\n<p>However, RSI is already hovering at overbought levels to indicate that buyers are feeling exhausted at this point. Similarly stochastic is indicating overbought conditions and could be ready to turn south, so Bitcoin Cash price might follow suit.<\/p>\n<div class=\"wp-caption alignnone\">\n<p><img decoding=\"async\" class=\"size-large wp-image-340755\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/07\/180718_bitcoin-cash-1100x639.png\" alt=\"\" width=\"1100\" height=\"639\" \/><\/p>\n<p class=\"wp-caption-text\">BCHUSD Chart from TradingView<\/p>\n<\/div>\n<p><strong>Market Factors<\/strong><\/p>\n<p>Cryptocurrencies like Bitcoin Cash price drew strong support from news that institutional investors are looking into the space. Most notably, BlackRock reportedly formed a team to look into investments in the space, and confirmation early this week allowed rallies to resume.<\/p>\n<p>This could continue to support investors\u2019 optimistic views that a rebound could ensue in the industry after a rough second quarter. Traders are also noting the regulatory developments in South Korea as a reason to see more legitimacy and security in the industry.<\/p>\n<p>&nbsp;<\/p>\n<p>The post <a href=\"https:\/\/www.newsbtc.com\/2018\/07\/18\/bitcoin-cash-bch-price-watch-ready-for-uptrend-confirmation\/\" rel=\"nofollow\">Bitcoin Cash (BCH) Price Watch: Ready for Uptrend Confirmation?<\/a> appeared first on <a href=\"https:\/\/www.newsbtc.com\/\" rel=\"nofollow\">NewsBTC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">&nbsp; Bitcoin Cash Price Key Highlights Bitcoin Cash also formed a double bottom reversal pattern and appears to be inching past the neckline. In that <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-cash-bch-price-watch-ready-for-uptrend-confirmation\" title=\"Bitcoin Cash (BCH) Price Watch: Ready for Uptrend Confirmation?\">[&#8230;]<\/a><\/div>","protected":false},"author":169,"featured_media":153747,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-153744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Cash (BCH) Price Watch: Ready for Uptrend Confirmation? - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Bitcoin Cash is attempting to break past the neckline of its reversal pattern to signal that an uptrend is in the cards.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/153744\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Cash (BCH) Price Watch: Ready for Uptrend Confirmation?\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Cash is attempting to break past the neckline of its reversal pattern to signal that an uptrend is in the cards.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-18T04:28:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-24T10:20:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/07\/180718_bitcoin-cash-1100x639-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"639\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sarah Jenn\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sarah Jenn\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/153744#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/153744\"},\"author\":{\"name\":\"Sarah Jenn\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/9f10f6fa54a2bbad25815537df67cae2\"},\"headline\":\"Bitcoin Cash (BCH) Price Watch: Ready for Uptrend Confirmation?\",\"datePublished\":\"2018-07-18T04:28:13+00:00\",\"dateModified\":\"2021-08-24T10:20:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/153744\"},\"wordCount\":322,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/153744#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/07\/180718_bitcoin-cash-1100x639-1.png\",\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/153744\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/153744\",\"name\":\"Bitcoin Cash (BCH) Price Watch: Ready for Uptrend Confirmation? 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