{"id":193094,"date":"2018-11-13T23:28:56","date_gmt":"2018-11-14T04:28:56","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/bitcoin-cash-price-analysis-bch-usd-consolidating-near-500\/193094"},"modified":"2021-07-19T07:46:12","modified_gmt":"2021-07-19T11:46:12","slug":"bitcoin-cash-price-analysis-bch-usd-consolidating-near-500","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-cash-price-analysis-bch-usd-consolidating-near-500","title":{"rendered":"Bitcoin Cash Price Analysis: BCH\/USD Consolidating Near $500"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Key Points<\/p>\n<ul>\n<li>Bitcoin cash price stayed above the $496 swing low and consolidated against the US Dollar.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $510 on the hourly chart of the BCH\/USD pair (data feed from Kraken).<\/li>\n<li>The pair struggled to move above the $530 resistance and the 100 hourly simple moving average.<\/li>\n<\/ul>\n<p><em>Bitcoin cash price mostly consolidated near $500 against the US Dollar. BCH\/USD must break the $530-540 resistance zone for a decent recovery.<\/em><\/p>\n<h3>Bitcoin Cash Price Analysis<\/h3>\n<p>Yesterday, there was another break below the <a href=\"https:\/\/www.newsbtc.com\/2018\/11\/13\/bitcoin-cash-price-analysis-bch-usd-at-risk-of-break-below-500\/\" target=\"_blank\" rel=\"noopener\">$500 support<\/a> in bitcoin cash price against the US Dollar. However, the BCH\/USD pair found support near the last swing low at $496 and later recovered. It traded above the $505 and $510 resistance levels to start a recovery. The price climbed above the 50% Fib retracement level of the recent decline from the $562 high to $496 low.<\/p>\n<p>Moreover, there was a break above a key bearish trend line with resistance at $510 on the hourly chart of the BCH\/USD pair. However, the price struggled to break the $535-540 resistance zone and the <a href=\"https:\/\/www.newsbtc.com\/2018\/11\/12\/bitcoin-cash-price-analysis-bch-usd-extending-losses-towards-500\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>. Besides, the price was rejected near the 61.8% Fib retracement level of the recent decline from the $562 high to $496 low. As a result, the price retreated and traded below the $520 level. At the outset, the price seems to be consolidating above the $500 level. Buyers must clear the $530, $535 and $540 resistance levels to start a decent rebound.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-362341\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/Bitcoin-Cash-2.png\" alt=\"Bitcoin Cash Price Analysis BCH Chart\" width=\"1828\" height=\"899\" \/><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/BCHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">chart<\/a>, BCH price may continue to stay above the $500 support area. Having said that, if buyers continue to fail near the $535 level, the price may perhaps break the $500 and $495 support levels.<\/p>\n<p>Looking at the technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD for BCH\/USD is still placed in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BCH\/USD is currently near the 50 levels.<\/p>\n<p>Major Support Level \u2013 $500<\/p>\n<p>Major Resistance Level \u2013 $535<\/p>\n<p>&nbsp;<\/p>\n<p>The post <a href=\"https:\/\/www.newsbtc.com\/2018\/11\/14\/bitcoin-cash-price-analysis-bch-usd-consolidating-near-500\/\" rel=\"nofollow\">Bitcoin Cash Price Analysis: BCH\/USD Consolidating Near $500<\/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; Key Points Bitcoin cash price stayed above the $496 swing low and consolidated against the US Dollar. There was a break above a key <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-cash-price-analysis-bch-usd-consolidating-near-500\" title=\"Bitcoin Cash Price Analysis: BCH\/USD Consolidating Near $500\">[&#8230;]<\/a><\/div>","protected":false},"author":168,"featured_media":193097,"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-193094","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 Price Analysis: BCH\/USD Consolidating Near $500 - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Yesterday, there was another break below the $500 support in bitcoin cash price against the US Dollar.\" \/>\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\/193094\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Cash Price Analysis: BCH\/USD Consolidating Near $500\" \/>\n<meta property=\"og:description\" content=\"Yesterday, there was another break below the $500 support in bitcoin cash price against the US Dollar.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-14T04:28:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-19T11:46:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/Bitcoin-Cash-2-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1828\" \/>\n\t<meta property=\"og:image:height\" content=\"899\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\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\/193094#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/193094\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/aaa5044bd2bdd13b09f95b1218ca998c\"},\"headline\":\"Bitcoin Cash Price Analysis: BCH\/USD Consolidating Near $500\",\"datePublished\":\"2018-11-14T04:28:56+00:00\",\"dateModified\":\"2021-07-19T11:46:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/193094\"},\"wordCount\":333,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/193094#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/Bitcoin-Cash-2-1.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\/193094\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/193094\",\"name\":\"Bitcoin Cash Price Analysis: BCH\/USD Consolidating Near $500 - 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