Bitcoin Cash (BCH) Price Analysis: BCH Rebounds and Breaks $280 Overhead Resistance

Bitcoin Cash (BCH) Price Analysis: BCH Rebounds and Breaks $280 Overhead Resistance

Key Highlights
BCH breaks the $280 overhead resistance
The altcoin targets the high of $340

Bitcoin Cash (BCH) Current Statistics
The current price: $315.68
Market Capitalization: $5,865,547,387
Trading Volume: $5,189,677,837
Major supply zones: $325, , $350,$375
Major demand zones: $200, $175, $150

Bitcoin Cash (BCH) Price Analysis November 23, 2020

On November 20, BCH rebounded twice above $246 to breach the $280 overhead resistance. The bullish momentum extended to retest the $320 high. Presently, the coin is fluctuating below the $320 resistance. The bulls could not penetrate the recent high.

On the upside, if buyers push BCH above $320, the crypto will rally above $340 and the coin will be out of the bear market. The crypto will continue the sideways move below the recent high if buyers fail to break the resistance at $320.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
BCH price has broken the resistance line of the ascending channel. It indicates that there is a change in trend. The coin is at level 69 of the Relative Strength index period 14. It is approaching the overbought region of the market.



Conclusion
BCH has rebounded as the bulls break the $280 overhead resistance. This made the coin to have price acceleration on the upside. The recent price action has overtaken the Fibonacci tool analysis. On October 24 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement gives the impression that the market will rise to level 1.618 Fibonacci retracement level or $304.68 high.


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Bitcoin Cash (BCH) Price Analysis: BCH Finds Support at $242, Resumes Consolidation Between $240 and $280

Bitcoin Cash (BCH) Price Analysis: BCH Finds Support at $242, Resumes Consolidation Between $240 and $280

Key Highlights
BCH finds support at $242 low
The crypto will drop to $228 if the support at $242 breaks

Bitcoin Cash (BCH) Current Statistics
The current price: $247.56
Market Capitalization: $4,614,863,201
Trading Volume: $1,783,234,730
Major supply zones: $325, , $350,$375
Major demand zones: $200, $175, $150

Bitcoin Cash (BCH) Price Analysis November 19, 2020
Since November 8, BCH has been falling consistently. The crypto is falling as a result of bulls’ failure to break the $280 resistance level. Yesterday, the coin fell to as low as $243 and resumed upward. BCH is trading at $248 at the time of writing.

The crypto is likely to further decline as it is in the bearish trend zone. It is also below the critical support at $250. On the upside, if the current price level holds, and the price breaks above the $250 support, the upside momentum will resume. Otherwise, the downtrend will continue. The crypto will decline to $233.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The price bars are testing the support level of the ascending channel. BCH will resume the downward move if the price breaks below the support level. The crypto is at level 45 of the Relative Strength index period 14. It indicates that the coin is in the downtrend zone and below the centerline.

BCH/USD – 4 Hour Chart

Conclusion
BCH is still struggling in a downward correction. The current support at $242 has been holding since November 15. Nonetheless, on November 18 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. It indicates that BCH will fall to 1.618 Fibonacci extensions or $228.97 low.


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Bitcoin Cash (BCH) Price Analysis: BCH Rebounds After Reaching the $242 Low

Bitcoin Cash (BCH) Price Analysis: BCH Rebounds After Reaching the $242 Low

Key Highlights
BCH slumps to $242 low
The crypto fluctuates between $240 and $260

Bitcoin Cash (BCH) Current Statistics
The current price: $251.32
Market Capitalization: $4,668,038,972
Trading Volume: $2,545,039,402
Major supply zones: $325, , $350,$375
Major demand zones: $200, $175, $150

Bitcoin Cash (BCH) Price Analysis November 16, 2020
Bitcoin Cash is in a sideways move below the $280 overhead resistance. Since October 12, the price has been fluctuating between $240 and $280.

Yesterday, BCH dropped to a $242 low and resumed an upward move. BCH is trading at $251 support at the time of writing. On the upside, if the current support holds, the upside momentum will resume. The bulls will retest the $280 overhead resistance. On the downside, if the current support fails to hold, BCH will fall to the $216 low.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
BCH price has broken below the SMAs which suggests a downward movement of the coin. The price is also testing the support line of the ascending channel. A break below the support line will mean a downward movement of the coin. The SMAs are sloping northward indicating the uptrend.

BCH/USD – Daily Chart

Conclusion
BCH is in a sideways trend below the $280 overhead resistance. On October 24 uptrend. A retraced candle tested the 61.8% Fibonacci retracement. The retracement indicates that the market will reach the level 1.618 Fibonacci extension level. That is BCH will rise to $310.51 high.



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Bitcoin Cash (BCH) Price Analysis: BCH Fluctuates Between $256 and $263, Breakout Imminent

Bitcoin Cash (BCH) Price Analysis: BCH Fluctuates Between $256 and $263, Breakout Imminent

Key Highlights
BCH is now in a tight range between $256 and $263
The downtrend will resume if the price breaks below $250 support and the momentum is sustained

Bitcoin Cash (BCH) Current Statistics
The current price: $258.25
Market Capitalization: $4,795,787,201
Trading Volume: $1,655,805,290
Major supply zones: $325, , $350,$375
Major demand zones: $200, $175, $150

Bitcoin Cash (BCH) Price Analysis November 12, 2020
Since November 10, BCH has been consolidating above $256 support. The altcoin fluctuates in a tight range between $256 and $263. Today, the bears break the lower price range but fail to sustain the downtrend. The price pulled back to the range-bound zone but retested the upper price range. BCH is trading at $258 at the time of writing in the current price range.

Bitcoin will resume trending when the price range is broken. On the downside, if the bears break below the $256 support and the momentum is sustained, BCH will drop to the $233 low. Similarly, if the bulls break the $263 high, BCH will retest the $280 overhead resistance. Alternatively, a strong bounce above $260 and the momentum is sustained will propel price to rally above the $280 resistance.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The altcoin is above the 50% range of the daily stochastic. It indicates that the crypto is in the bullish momentum. However, the stochastic bands are sloping horizontally indicating the sideways movement of the coin. The 21-day SMA and 50-day SMA are sloping northward indicating the uptrend.

BCH/USD – 4 Hour Chart

Conclusion
For the past week, buyers have faced rejection twice at the $280 resistance level. On November 7 uptrend the retraced candle body tested the 38.2% Fibonacci retracement level. This indicates that the market will reach level 2.618 Fibonacci extension level. That is BCH will rise to $351.74 high.



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Bitcoin Cash (BCH) Price Analysis: BCH Battles the Resistance at $280, May Resume Uptrending

Bitcoin Cash (BCH) Price Analysis: BCH Battles the Resistance at $280, May Resume Uptrending

Key Highlights
Bitcoin Cash faces strong rejection at $280 resistance
BCH has a target price of $300.30

Bitcoin Cash (BCH) Current Statistics
The current price: $265.24
Market Capitalization: $4,924,877,755
Trading Volume: $1,997,187,783
Major supply zones: $325, , $350,$375
Major demand zones: $200, $175, $150

Bitcoin Cash (BCH) Price Analysis November 09, 2020
Bitcoin Cash has been trading consistently above the $250 support. Yesterday, buyers fail to push BCH above the $280 resistance. This has been the market scenario. A similar attempt was made on November 2 as the coin faced rejection at the $271 high. The coin plunged to a $233 low. Later, the price was corrected upward to $245.

The bullish momentum extended above the critical support at $250. On the upside, if the coin makes a strong bounce above the current support, a rally above $280 is likely. Nevertheless, if the bulls fail to break this resistance, the coin will return to its sideways move. That is the crypto will resume sideways move between $250 and $280.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
BCH is at level 51 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 21-day SMA and 50-day SMA are sloping northward indicating the uptrend.

BCH/USD – Daily Chart

Conclusion
Bitcoin Cash will make a further upward move if the $280 resist6ance is broken. On October 15 uptrend the retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the market will reach the level 1.618 Fibonacci extension level.



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4 Cautionary Crypto Tales From the Crypt

4 Cautionary Crypto Tales From the Crypt

Witches, vampires, and ghouls. These Halloween beasties have nothing on every Bitcoiner’s worst nightmare: losing one’s digital gold in a fluke accident or misstep. We can practically hear you screaming at your screen right now.

In honour of Halloween season, we’re exploring four spine-tingling tales of brutal Bitcoin losses. We also throw in a little treat towards the end and reveal how you can make a killing on crypto with a LonghornFX account, without actually buying any Bitcoins. Intrigued? Read on to find out more.
1. IT guy chucks $127m Bitcoin in toxic landfill
British IT professional James Howells began mining Bitcoin on his personal laptop back in 2009 and by 2013 had amassed an impressive 7,500 Bitcoins. He sold the laptop on eBay but held on to the hard drive in the hope that his Bitcoins would increase in value. But while clearing out his house later that same year, he accidentally threw the drive away, which ended up being dumped in a Welsh landfill. When he realised his mistake, Howells desperately tried to get permission to search the landfill for his drive. His request was denied on the grounds that it was dangerous due to the toxicity of the landfill, plus it simply went against the law.

Fat lot of good that would have done him, anyway. With 50,000 tons of refuse added to the site every year, searching for one tiny hard drive would have been a much bigger problem than finding a needle in a haystack. Still, it may have just been worth the undertaking. It’s estimated that around 2017, when Howells realised what he’d done, his 7,500 Bitcoins would have been worth in excess of $127 million.

2. Aussie loses $7m Bitcoin after investing life savings
In a moment of mid-life crisis, former Australian journalist Derek Rose decided to do what for many would be the unthinkable. He withdrew his entire $70,000 life savings and invested it all into Bitcoin. Seeing that his initial capital was growing exponentially with the Bitcoin boom of 2016, Rose even started borrowing more money to increase his investment, and was soon earning close to half a million dollars a day.
But rather than listen to his financial advisor and friends who encouraged him to cash out while the going was good, Rose continued to ride that wave of euphoria and poured even more money more into crypto. Then the Christmas crash of 2017 hit and Rose saw his multi-million dollar account take a massive hit. He lost around $7 million at the time. Thankfully Rose didn’t lose everything. “This was a huge blow, but it didn’t wipe me out […] I’m still doing better with my investments than I would have if I had stayed in index funds.” Moral of the story: what goes up, must come down. No bullish rally will continue forever.

3. Tech journo forgets Bitcoin wallet PIN
Sometimes even the world’s most reliable tech geeks make massive errors. After amassing some $30,000 in Bitcoins, Wired magazine editor Mark Frauenfelder lost access to his crypto wallet. “I wrote my PIN code and recovery seed on the same piece of paper. I was planning to etch the seed on a metal bar and hide it, but before that happened my house-cleaning service threw the paper away,” he explained.

Frauenfelder was ready to kiss his Bitcoins goodbye when he finally met a stroke of good fortune. Thirteen months after losing his PIN, Mark was introduced to Saleem Rashid, a 15-year-old coding whiz from the UK. With Saleem’s help, Mark managed to hack into his crypto wallet and successfully retrieve his PIN and subsequently his Bitcoins. We bet Frauenfelder won’t be misplacing his new PIN any time soon!

4. Software designer wipes away $20k
When Bitcoin first began to cause a stir on the web back in 2010, Atlanta-based software developer Syl Turner thought he’d try his hand at mining and managed to earn himself two whole Bitcoins. As Bitcoins were worth pennies at the time, Syl didn’t give them much thought and eventually ended up storing his mining computer in his attic.

Fast forward a few years later and suddenly Syl sees a news alert pop up on his screen: Bitcoins are now worth $10,000! Syl shot straight up into the attic to retrieve his dormant PC. He found what he was looking for but when he booted the computer up, he realised he had mistakenly wiped the hard drive, meaning his crypto wallet key had vanished. That one mistake cost Syl $20,000, at the very least. If Syl still had access to his crypto wallet and HODLed, he may have seen his Bitcoin climb much, much higher.

Profiting from Crypto made simpler
Thankfully, there’s a much easier and cost-effective method of profiting off Bitcoin, without the risk of losing hard drives or extra complicated PINs to crypto wallets. By trading Contracts for Difference (CFDs) on LonghornFX, you can profit on over 35 cryptos by trading on whether the price of the underlying crypto asset will rise or fall.

Trade on Bitcoin, Ether, Ripple, and more popular altcoins, all with 1:500 leverage. Open a free LonghornFX account and trade from as little as a $10 deposit!

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Bitcoin Cash (BCH) Price Analysis: BCH Is in a Downward Correction, Faces Rejection at $247

Bitcoin Cash (BCH) Price Analysis: BCH Is in a Downward Correction, Faces Rejection at $247

Key Highlights
BCH is currently fluctuating between levels $231 and $247
The crypto is likely to move up

Bitcoin Cash (BCH) Current Statistics
The current price: $414.80
Market Capitalization: $46,997,347,819
Trading Volume: $16,469,560,873
Major supply zones: $325, , $350,$375
Major demand zones: $200, $175, $150

Bitcoin Cash (BCH) Price Analysis November 05, 2020
Bitcoin Cash fell to the low at $231 on November 3 after the rejection at the $271 high. The bulls buy the dips at the recent low to push prices upward.

However, the upward move is facing resistance at $245 and $247. In other words, BCH is in a range bound move between $231 and $247. The coin will rise if the $247 resistance is breached. In the same vein, the coin will further decline if the current support is broken. BCH is trading at $243.72 at the time of writing.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The price has broken below the SMAs which suggest a possible downward move of the coin.BCH is below the 30% range of the daily stochastic. It indicates that the coin is in a bearish momentum.

BCH/USD -Daily Chart

Conclusion
BCH will further decline if the price retraces to break the previous low at $233. On October 26 downtrend; the retraced candle body tested the 50% Fibonacci retracement level. This indicates BCH may rise to level 2.0 Fibonacci extensions. That is the high of $222.90



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Bitcoin Cash (BCH) Price Analysis: Consolidates Above $250 Support, May Retest the $280 Resistance

Bitcoin Cash (BCH) Price Analysis: Consolidates Above $250 Support, May Retest the $280 Resistance

Key Highlights
BCH is range-bound between levels $250 and $280
BCH trades in the bullish trend zone

Bitcoin Cash (BCH) Current Statistics
The current price: $258.44 
Market Capitalization: $4,796,932,301
Trading Volume: $2,372,198,185
Major supply zones: $325, , $350,$375
Major demand zones: $200, $175, $150

Bitcoin Cash (BCH) Price Analysis November 02, 2020
In a nutshell, BCH is range bound between $250 and $280. Since October 22, buyers have been making efforts to break the $280 resistance. The breaking of the resistance will increase the chances of an upward movement of the coin.

The coin will rise and reach the $320 high. The price is fluctuating within the current price range as bulls continue to retest the resistance at $280. Today, BCH is trading at $261 at the time of writing. On the downside, if the bears break the $250 support level, the downtrend will resume. Otherwise, the current range-bound movement will continue.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The coin is at level 53 of the Relative Strength Index period 14. The coin is in the uptrend zone and above the centerline 50. The price bars are consolidating above the SMAs which indicates a further upward movement of the coin.

BCH/USD – Daily Chart

Conclusion
BCH has a chance of further upward move if the resistance at $280 is breached. Following the retesting of the retraced candle body at 50% Fibonacci retracement level, BCH bulls have attempted to break the current resistance. The retraced candle indicates that BCH is likely to rise to the 2.0 extension level. In other words, BCH will reach a high of $323.10.

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Bitcoin Cash (BCH) Price Analysis: BCH Slumps To $260 Low as Bulls Buy the Dips

Bitcoin Cash (BCH) Price Analysis: BCH Slumps To $260 Low as Bulls Buy the Dips

Key Highlights
BCH targets another high of $303.27
BCH faces rejection at $280 high

Bitcoin Cash (BCH) Current Statistics
The current price: $267.64
Market Capitalization: $4,966,857,562
Trading Volume: $2,743,825,118
Major supply zones: $325, , $350,$375
Major demand zones: $200, $175, $150

Bitcoin Cash (BCH) Price Analysis October 29, 2020
Today, BCH fell to the low at $262 and rebounded. The coin is trading at $267 at the time of writing. On the upside, if buyers continue to sustain the price level above $250, a retest at the $280 overhead resistance is possible. A break above the $280 resistance will propel price to reach a high of $300. The market will resume downward if the bulls fail to sustain a hold above the $250 support. If the price breaks below $250 support, the market will drop to $238 low.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
BCH is below the 80% range of the daily stochastic. It indicates that the market is in the overbought region. The 21-day SMA and above 50-day SMA are sloping upward indicating the uptrend.

BCH/USD – Daily Chart

Conclusion
BCH is making an uptrend as it continues to retest the $280 resistance. On October 24 uptrend, BCH was resisted. The retraced candle body tested the 61.8% Fibonacci retracement level. With this retracement, BCH is likely to rise to the 1.618 extension level. In other words, BCH will reach a high of $303.27.


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Bitcoin Cash (BCH) Price Analysis:BCH Faces Rejection at $280,a Retest at the Overhead Resistance Likely

Bitcoin Cash (BCH) Price Analysis:BCH Faces Rejection at $280,a Retest at the Overhead Resistance Likely

Key Highlights
BCH is in a downward move, may reach the low $265
The uptrend is likely to resume

Bitcoin Cash (BCH) Current Statistics
The current price: $261.90
Market Capitalization: $4,859,529,239
Trading Volume: $2,424,325,376
Major supply zones: $325, , $350,$375
Major demand zones: $200, $175, $150

Bitcoin Cash (BCH) Price Analysis August 26, 2020
For the past 24 hours, BCH has been on a downward move after failing to break the $280 overhead resistance. A break above the overhead resistance would have catapulted the coin to rally to $300 or $320 high. Presently, the crypto is falling after the rejection from the recent high. If price retraces and finds support above $250, the upside momentum will resume. However, if the bears break below $250 support the coin will resume a downward move. The coin is trading at $262 at the time of writing.

BCH/USD – Daily Chary

Bitcoin Cash Technical Indicators Reading
The crypto is below the 80% range of the daily stochastic. It indicates that the coin is in a bearish momentum. Sellers are emerging to push prices down. The coin was earlier in the overbought region of the market.

BCH/USD – 4 Hour Chart

Conclusion
Bitcoin Cash is on a downward move after the coin was resisted at the $280 overhead resistance. On the current downward move, a retraced candle body on October 25, tested the 78.6% Fibonacci retracement level. This retracement indicated that the selling pressure will be exhausted at level 1.272 Fibonacci extension or the low of $265.81. Later the market will reverse.


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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.