Bitcoin Cash Price Analysis: BCH/USD psychological $500 is in reaching distance
|- Bitcoin Cash price is trading in the red, with losses of 1.75% in the second half of the session.
- BCH/USD is heading for a breakdown of $450, where critical near-term resistance is eyed.
- A challenge of where the price peaked in June-July will be pivotal for Bitcoin Cash.
BCH/USD weekly chart
The price has been pushing aggressively higher for the last seven weeks, with the bulls aiming for a move back into $500.
BCH/USD daily chart
A breakdown of the daily resistance eyed at $450, should open up the doors for a return into $500.
Spot rate: 437.65
Relative change: -1.75%
High: 441.73
Low: 417.67
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