Bitcoin Cash Price Analysis: BCH/USD rockets 7% higher as life comes back into bulls
|- Bitcoin Cash price is trading in the green, with gains of 6.80% in the second half of the session.
- BCH/USD bulls have broken a critical supply range at $200-225, inviting further buying.
- The next major barrier to the upside should be noted at $250.
BCH/USD daily chart
Price action is pushing firmly to the upside, after moving out of the confinements of the above noted tight range, which was limited to the upside at $225 and supported the downside at $200.
BCH/USD 60-minute chart
The bulls have smashed out from a pennant structure via the 60-minute chart view, inviting another wave of momentum.
Spot rate: 223.88
Relative change: +6.80%
High: 246.00
Low: 223.39
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