Bitcoin Cash Price Analysis: Is BCH/USD bullish enough to break 500 again?

Bitcoin Cash is trading 2.71% higher on Tuesday but can it break 500?.
400.00 was taken out with ease and now the pair has another major hurdle.

BCH/USD Daily Chart

After some bearish talk from central bankers today it seems crypto traders have ignored it all and pushed the market higher.

BCH/USD is not one of the best performing cryptos on Tuesday but it is performing well.

Now the BCH/USD pair is looking to test a major psychological hurdle (500.00) after some recent strength.

On the downside the recently broken 400.00 level could act like support if the price retraces.

Volume is steady but nothing to write home about, I do feel it will need to pick up if the price is to challenge the recent high.

Additonal Levels

BCH/USD

Overview
Today last price	467.0394
Today Daily Change	14.0099
Today Daily Change %	3.09
Today daily open	453.0295

Trends
Daily SMA20	386.6029
Daily SMA50	307.3254
Daily SMA100	269.7169
Daily SMA200	275.65

Levels
Previous Daily High	462.6482
Previous Daily Low	435.7419
Previous Weekly High	458.8958
Previous Weekly Low	368.8466
Previous Monthly High	404.3638
Previous Monthly Low	191.7762
Daily Fibonacci 38.2%	452.37
Daily Fibonacci 61.8%	446.0201
Daily Pivot Point S1	438.2982
Daily Pivot Point S2	423.5669
Daily Pivot Point S3	411.3919
Daily Pivot Point R1	465.2045
Daily Pivot Point R2	477.3795
Daily Pivot Point R3	492.1107

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