Bitcoin Cash technical analysis: BCH/USD range block is subject to a big breakout
|- Bitcoin Cash price is trading in the green, with gains of 3.20% the session on Thursday.
- BCH/USD daily price action moving is subject to a potential impulsive breakout.
- The big psychological $200 price mark is being tested to the downside.
BCH/USD daily chart
Price action is moving within a narrowing range block formation, the high up at $240, the low down at $210.
BCH/USD 60-minute chart
Critical near-term hourly supply within the $215 - 217 price territory.
Spot rate: 216.79
Relative change: +3.20%
High: 217.46
Low: 206.45
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