Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in the green, with gains of 0.85% in the second half of the session.
- BCH/USD bulls will need to break down some supply seen at the range of $250-260.
- The next major target to tackle will be the $300, a breakout and closure above is key.
BCH/USD daily chart
The price was able to produce the biggest daily gain in over three weeks, as momentum returns to the upside.
BCH/USD 60-minute chart
Near-term price action is moving within an ascending channels structure, slight right of breakout south, 60-minute support will be eyed at $250.
Spot rate: 246.05
Relative change: +0.85%
High: 265.81
Low: 252.33
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