{"id":199926,"date":"2018-12-06T23:28:39","date_gmt":"2018-12-07T04:28:39","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/bitcoin-cash-price-analysis-bch-usd-nosedives-below-100-80-next\/199926"},"modified":"2021-07-24T14:19:56","modified_gmt":"2021-07-24T18:19:56","slug":"bitcoin-cash-price-analysis-bch-usd-nosedives-below-100-80-next","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-cash-price-analysis-bch-usd-nosedives-below-100-80-next","title":{"rendered":"Bitcoin Cash Price Analysis: BCH\/USD Nosedives Below $100, $80 Next?"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Key Points<\/p>\n<ul>\n<li>Bitcoin cash price tumbled and broke the $125 and $100 support levels against the US Dollar.<\/li>\n<li>There is a monster bearish trend line in place with resistance at $120 on the hourly chart of the BCH\/USD pair (data feed from Kraken).<\/li>\n<li>The pair is currently at a risk of more losses below the $100 level in the near term.<\/li>\n<\/ul>\n<p><em>Bitcoin cash price ABC tumbled below $100 whereas BCHSV climbed above $100 against the US Dollar. BCH\/USD is under pressure and it could trade towards $80.<\/em><\/p>\n<h3>Bitcoin Cash Price Analysis<\/h3>\n<p>Yesterday, we discussed that bitcoin cash price <a href=\"https:\/\/www.newsbtc.com\/2018\/12\/06\/bitcoin-cash-price-analysis-bch-usd-primed-to-test-100\/\" target=\"_blank\" rel=\"noopener\">could test the $100 support<\/a> against the US Dollar. The BCH\/USD pair did move down and broke the $120 and $110 support levels. The price not only tested the $100 level, but sellers succeeded in clearing $100. A new yearly low was formed near $95 and it seems like the price may continue to slide. More importantly, BCHSV climbed higher recently and surpassed the value of BCHABC, which is a negative sign.<\/p>\n<p>There are many bearish signs on the chart below the $100 level. If there is a correction, the price may test the $105-108 resistance zone. It coincides with the 23.6% Fib retracement level of the recent decline from the $145 high to $97 low. However, the price is trading well below the $125 level and the 100 hourly simple moving average. Therefore, a major upward move above $110 is very unlikely. Besides, there is a <a href=\"https:\/\/www.newsbtc.com\/2018\/12\/05\/bitcoin-cash-price-analysis-bch-usd-crashes-below-150\/\" target=\"_blank\" rel=\"noopener\">monster bearish trend line<\/a> in place with resistance at $120 on the hourly chart of the BCH\/USD pair.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-364986\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/12\/Bitcoin-Cash-6.png\" alt=\"Bitcoin Cash Price Analysis BCH Chart\" width=\"1828\" height=\"908\" \/><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/BCHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">chart<\/a>, BCH price remains in a major downtrend below $120. Sellers are likely to push the price below the $90 level. The next target for them could be $80.<\/p>\n<p>Looking at the technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD for BCH\/USD is placed heavily in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BCH\/USD is near oversold levels.<\/p>\n<p>Major Support Level \u2013 $90<\/p>\n<p>Major Resistance Level \u2013 $105<\/p>\n<p>&nbsp;<\/p>\n<p>The post <a href=\"https:\/\/www.newsbtc.com\/2018\/12\/07\/bitcoin-cash-price-analysis-bch-usd-nosedives-below-100-80-next\/\" rel=\"nofollow\">Bitcoin Cash Price Analysis: BCH\/USD Nosedives Below $100, $80 Next?<\/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 tumbled and broke the $125 and $100 support levels against the US Dollar. There is a monster bearish trend <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-cash-price-analysis-bch-usd-nosedives-below-100-80-next\" title=\"Bitcoin Cash Price Analysis: BCH\/USD Nosedives Below $100, $80 Next?\">[&#8230;]<\/a><\/div>","protected":false},"author":168,"featured_media":199929,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Cash Price Analysis: BCH\/USD Nosedives Below $100, $80 Next? - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Bitcoin cash price tumbled and broke the $125 and $100 support levels 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\/199926\" \/>\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 Nosedives Below $100, $80 Next?\" \/>\n<meta property=\"og:description\" content=\"Bitcoin cash price tumbled and broke the $125 and $100 support levels against the US Dollar.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-07T04:28:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-24T18:19:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/12\/Bitcoin-Cash-6-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1828\" \/>\n\t<meta property=\"og:image:height\" content=\"908\" \/>\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\/199926#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/aaa5044bd2bdd13b09f95b1218ca998c\"},\"headline\":\"Bitcoin Cash Price Analysis: BCH\/USD Nosedives Below $100, $80 Next?\",\"datePublished\":\"2018-12-07T04:28:39+00:00\",\"dateModified\":\"2021-07-24T18:19:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926\"},\"wordCount\":340,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926\",\"name\":\"Bitcoin Cash Price Analysis: BCH\/USD Nosedives Below $100, $80 Next? 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