Bitcoin cash price is struggling to rebound and is trading below $225 against the US Dollar.
The price is currently declining and it could slide below the $210 and $205 supports.
There is a key bearish trend line forming with resistance near $220 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
The pair must break $220, $225 and $230 to start a fresh increase in the near term.

Tencent to Lose Billions and Significantly Fall behind Alibaba Following NBA Streaming Mishap
Tuesday November 12, 2019

Coinspeaker Tencent to Lose Billions and Significantly Fall behind Alibaba Following NBA Streaming MishapTencent Holdings Ltd, one of China’s biggest firms, generally has its hands in a little bit of every pie including gaming and sports. However, it would seem like there are dog days ahead for the giant firm, following a simple tweet in […]

The post Tencent to Lose Billions and Significantly Fall behind Alibaba Following NBA Streaming Mishap appeared first on 12bit trade.

Bitcoin cash price is facing a lot of hurdles near $225 against the US Dollar. If BCH/USD breaks the $200 support, it could decline heavily in the coming days.
Bitcoin Cash Price Analysis
This week, there was a steady decline in bitcoin cash price below the $230 support against the US Dollar. Later, the BCH/USD pair made a couple of attempts to climb above $230, but it failed. As a result, there was a fresh decline below the $225 support area and the 55 simple moving average (4-hours). It opened the doors for more losses below the $215 level.
Recently, the price traded as low as $213.9 and corrected higher. It recovered above the 23.6% Fib retracement level of the recent decline from the $230 high to $213 low. However, the price struggled to clear the $220 resistance area. Moreover, there is a key bearish trend line forming with resistance near $220 on the 4-hours chart of the BCH/USD pair.
At the moment, the price is declining and is approaching the $212 and $210 levels. The main supports on the downside are near the $205 and $200 levels. If there is a downside break below the $200 support, there could be a sharp decline in the coming days. The next key support is near the $188 and $185 levels. Conversely, the price could recover above the trend line and $220.
The next hurdle is near the $222 level. Additionally, the 50% Fib retracement level of the recent decline from the $230 high to $213 low is near the $222 level to prevent an upward move. If there is a clear break above the trend line, $222, and $225, the price might retest $230. If there is a successful break above $230, the price could move into a positive zone.


Thursday January 01, 1970

Looking at the chart, bitcoin cash price is clearly under a lot of pressure below $225 and $230. Therefore, there is a risk of a downside break below the $205 and $200 supports.
Technical indicators
4 hours MACD – The MACD for BCH/USD is currently gaining momentum in the bearish zone.
4 hours RSI (Relative Strength Index) – The RSI for BCH/USD is currently declining towards the 30 level.
Key Support Levels – $205 and $200.
Key Resistance Levels – $225 and $230.
The post Bitcoin Cash Analysis: BCH Could Continue To Slide appeared first on Live Bitcoin News.

How to Watch New Zealand vs Sri Lanka 1st Test Online in USA
Friday December 14, 2018

The 2018-19 Sri Lanka Tour of New Zealand begins this weekend, as the pair of international squads meet for the First Test match inside the Basin Reserve in Wellington. How to Watch New Zealand vs Sri Lanka 1st Test in USA For those who are in the United States, the 5-day Test match will start […]

The post How to Watch New Zealand vs Sri Lanka 1st Test Online in USA appeared first on 12bet - Bet365.