Bitcoin Cash Price Analysis: BCH/USD trading within critical weekly range $200-250
|- Bitcoin Cash price is trading in the red, with losses of 0.45% in the second half of the session.
- BCH/USD price action is narrowing ahead of further committed moves, following a flag breakout.
- There is a chunky area of supply that runs from $260-280 via the daily.
BCH/USD weekly chart
There has been a lack of trend observed over the past five weeks, trading within a range of $200-250. A break from this will likely be defining moving forwards for Bitcoin Cash price direction.
BCH/USD daily chart
The price is moving within a tight range, the support eyed at $230, resistance up at $250.
Spot rate: 232.40
Relative change: -0.45%
High: 236.49
Low: 229.97
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.