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Bitcoin Cash price started a major increase above the $320 resistance. BCH is consolidating and might aim for more gains above the $350 resistance.<\/em><\/p>\n

\n
Bitcoin cash price started a fresh increase above the $330 level.<\/li>\n
The price is trading above $335 and the 100-hour simple moving average.<\/li>\n
There is a bullish flag pattern forming with resistance at $345 on the hourly chart of the BCH\/USD pair (data feed from Kraken).<\/li>\n
The pair could start another increase if it clears the $350 resistance zone.<\/li>\n<\/ul>\n
Bitcoin Cash Price Starts Fresh Surge<\/h2>\n
After forming a base above the $305 level, Bitcoin Cash price started a fresh increase. BCH outpaced Bitcoin<\/a> and Ethereum<\/a> to gain over 15%. There was a clear move above the $320 resistance zone.<\/p>\n
The price even surpassed $335 and tested the $350 resistance zone. A high was formed near $349.73 and the price is now correcting gains. There was a minor move below the $345 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $306.92 swing low to the $349.73 high.<\/p>\n
Bitcoin cash price is now trading above $335 and the 100-hour simple moving average. Immediate resistance on the upside sits near the $345 level. There is also a bullish flag pattern forming with resistance at $345 on the hourly chart of the BCH\/USD pair.<\/p>\n
$\"Bitcoin$ <\/a>
Source: BCH\/USD on TradingView.com<\/a><\/figcaption><\/figure>\n
A clear move above the $345 resistance might start a decent increase. The next major resistance is near $350, above which the price might accelerate higher toward the $362 level. Any further gains could lead the price toward the $380 resistance zone.<\/p>\n
Fresh Drop in BCH?<\/h2>\n
If Bitcoin Cash price fails to clear the $345 resistance, it could start a fresh decline. Initial support on the downside is near the $335 level. The next major support is near the $328 level or the 50% Fib retracement level of the upward move from the $306.92 swing low to the $349.73 high.<\/p>\n
If the price fails to stay above the $328 support, the price could test the $320 support. Any further losses could lead the price toward the $305 zone in the near term.<\/p>\n
Technical indicators<\/p>\n
4-hour MACD \u2013 The MACD for BCH\/USD is gaining pace in the bearish zone.<\/p>\n
4-hour RSI (Relative Strength Index) \u2013 The RSI is currently above the 50 level.<\/p>\n
Key Support Levels \u2013 $335 and $328.<\/p>\n
Key Resistance Levels \u2013 $345 and $350.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin Cash price started a major increase above the $320 resistance. BCH is consolidating and might aim for more gains above the $350 resistance. Bitcoin cash price started a fresh increase above the $330 level. The price is trading above $335 and the 100-hour simple moving average. There is a bullish flag pattern forming with resistance at $345 on the hourly chart of the BCH\/USD pair (data feed from Kraken). The pair could start another increase if it clears the $350 resistance zone. Bitcoin Cash Price Starts Fresh Surge After forming a base above the $305 level, Bitcoin Cash price started a fresh increase. BCH outpaced Bitcoin and Ethereum to gain over 15%. There was a clear move above the $320 resistance zone. The price even surpassed $335 and tested the $350 resistance zone. A high was formed near $349.73 and the price is now correcting gains. There was a minor move below the $345 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $306.92 swing low to the $349.73 high. Bitcoin cash price is now trading above $335 and the 100-hour simple moving average. Immediate resistance on the upside sits near the $345 level. There is also a bullish flag pattern forming with resistance at $345 on the hourly chart of the BCH\/USD pair. A clear move above the $345 resistance might start a decent increase. The next major resistance is near $350, above which the price might accelerate higher toward the $362 level. Any further gains could lead the price toward the $380 resistance zone. Fresh Drop in BCH? If Bitcoin Cash price fails to clear the $345 resistance, it could start a fresh decline. Initial support on the downside is near the $335 level. The next major support is near the $328 level or the 50% Fib retracement level of the upward move from the $306.92 swing low to the $349.73 high. If the price fails to stay above the $328 support, the price could test the $320 support. Any further losses could lead the price toward the $305 zone in the near term. Technical indicators 4-hour MACD \u2013 The MACD for BCH\/USD is gaining pace in the bearish zone. 4-hour RSI (Relative Strength Index) \u2013 The RSI is currently above the 50 level. Key Support Levels \u2013 $335 and $328. Key Resistance Levels \u2013 $345 and $350.<\/p>\n","protected":false},"author":67,"featured_media":643308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83364],"tags":[10777,79646,10736],"class_list":["post-643306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bch","tag-bchusd","tag-bchusdt","tag-bitcoin-cash"],"acf":[],"yoast_head":"\nBitcoin Cash Price Jumps 15%: Is This Just the Beginning of More Gains?<\/title>\n<meta name=\"description\" content=\"Bitcoin Cash price started a major increase above the $320 resistance. 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