{"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":[],"class_list":["post-199926","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 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\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/12\/Bitcoin-Cash-6-1.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\/199926\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926\",\"name\":\"Bitcoin Cash Price Analysis: BCH\/USD Nosedives Below $100, $80 Next? - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/12\/Bitcoin-Cash-6-1.png\",\"datePublished\":\"2018-12-07T04:28:39+00:00\",\"dateModified\":\"2021-07-24T18:19:56+00:00\",\"description\":\"Bitcoin cash price tumbled and broke the $125 and $100 support levels against the US Dollar.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926#primaryimage\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/12\/Bitcoin-Cash-6-1.png\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/12\/Bitcoin-Cash-6-1.png\",\"width\":1828,\"height\":908},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search &amp; Compare Brokers within Crypto, Forex &amp; Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/aaa5044bd2bdd13b09f95b1218ca998c\",\"name\":\"Aayush Jindal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4e110656d522a967cf0d1c5fae6c4e3b?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4e110656d522a967cf0d1c5fae6c4e3b?s=96&d=mm&r=pg\",\"caption\":\"Aayush Jindal\"},\"url\":\"https:\/\/insidebitcoins.com\/author\/aayush-jindal\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin Cash Price Analysis: BCH\/USD Nosedives Below $100, $80 Next? - InsideBitcoins.com","description":"Bitcoin cash price tumbled and broke the $125 and $100 support levels against the US Dollar.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Cash Price Analysis: BCH\/USD Nosedives Below $100, $80 Next?","og_description":"Bitcoin cash price tumbled and broke the $125 and $100 support levels against the US Dollar.","og_site_name":"InsideBitcoins.com","article_published_time":"2018-12-07T04:28:39+00:00","article_modified_time":"2021-07-24T18:19:56+00:00","og_image":[{"width":1828,"height":908,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/12\/Bitcoin-Cash-6-1.png","type":"image\/png"}],"author":"Aayush Jindal","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Aayush Jindal","Est. reading time":"2 minutes"},"schema":{"@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"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/12\/Bitcoin-Cash-6-1.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\/199926","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926","name":"Bitcoin Cash Price Analysis: BCH\/USD Nosedives Below $100, $80 Next? - InsideBitcoins.com","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/12\/Bitcoin-Cash-6-1.png","datePublished":"2018-12-07T04:28:39+00:00","dateModified":"2021-07-24T18:19:56+00:00","description":"Bitcoin cash price tumbled and broke the $125 and $100 support levels against the US Dollar.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926#primaryimage","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/12\/Bitcoin-Cash-6-1.png","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/12\/Bitcoin-Cash-6-1.png","width":1828,"height":908},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search &amp; Compare Brokers within Crypto, Forex &amp; Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/aaa5044bd2bdd13b09f95b1218ca998c","name":"Aayush Jindal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4e110656d522a967cf0d1c5fae6c4e3b?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4e110656d522a967cf0d1c5fae6c4e3b?s=96&d=mm&r=pg","caption":"Aayush Jindal"},"url":"https:\/\/insidebitcoins.com\/author\/aayush-jindal"}]}},"_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/168"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=199926"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/199926\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/199929"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=199926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=199926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=199926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}