Bitcoin Cash Price Technical Analysis – BCH/USD Remains Supported


Key Factors

  • Bitcoin money worth is buying and selling above the $1600 and $1500 assist ranges in opposition to the US Greenback.
  • There’s a main bullish pattern line forming with assist at $1630 on the hourly chart of BCH/USD (knowledge feed from Kraken).
  • The worth is at the moment struggling to interrupt the $1750 resistance, however stays nicely supported on the draw back.

Bitcoin money worth is positioned properly above $1600 in opposition to the US Greenback. BCH/USD would possibly quickly eye a break above $1750 for additional features.

Bitcoin Cash Price Assist

The previous few days have been largely bullish for bitcoin money worth because it traded above the $1500 and $1600 resistances in opposition to the US Greenback. The worth traded above the $1700 degree, however struggled to interrupt the $1720 and $1750 resistance ranges. There have been 2-Three makes an attempt to interrupt the $1750 resistance, however patrons failed. In the meanwhile, the worth is correcting decrease…



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