Bitcoin Cash Price Analysis: BCH/USD the key for direction is a break above $225-50 range
|- Bitcoin Cash price is trading in the green, with gains of 0.05% in the second half of the session.
- BCH/USD continues to have problems breaking above a barrier at the range of $225-50.
- Commitment is still non-existence, however, the next breakout will be trend defining.
BCH/USD daily chart
Mixed signals via the daily chart view. The price broke out of a bearish flag, however price action has also formed a bullish pennant via the daily.
BCH/USD 60-minute chart
Bears are pressing for a breakout of a bearish flag structure via the 60-minute chart view.
Spot rate: 223.88
Relative change: +0.05%
High: 224.21
Low: 216.20
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