Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in the green, with gains of 5.80% in the second half of the session.
- BCH/USD price action has offered little over the last five weeks, with an explosive range-breakout eyed.
- A chunky upside barrier should be noted at $250, with support down at $200
BCH/USD daily chart
Trading conditions are tight, as the daily price action moves within a range-block.
BCH/USD 60-minute chart
Bulls enjoyed an explosive breakout from a narrowing range block formation, inviting a fresh wave of buying pressure.
Spot rate: 232.40
Relative change: +5.80%
High: 234.00
Low: 217.87
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