Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in the green, with losses of 6.60% in the second half of the session.
- BCH/USD bulls have the opportunity to run towards the $300 price territory.
- Price action has been consolidating over the last three sessions, another breakout eyed.
BCH/USD weekly chart
The price was able to produce a closure in the green last week, with further recovery eyed. Weekly resistance should be noted at the $250 price mark.
BCH/USD daily chart
Should the bulls break down the above-noted barrier, then a fast move back into $300 could very well be seen.
Spot rate: 246.05
Relative change: +6.60%
High: 246.73
Low: 231.19
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