Bitcoin Cash Technical Analysis: BCH/USD bulls have room to run, but most capitalize now
|- Bitcoin Cash price late in the session on Thursday is trading down in the red by around 1%.
- BCH/USD price action via the daily chart view has managed to escape a descending wedge formation.
- Given the recent technical development, the price has room to potentially retest the $300 price mark.
Spot rate: 264.12
Relative change: -1.30%
High: 276.88
Low: 261.56
BCH/USD 60-minute chart
- Bitcoin Cash price action is moving within a near-term bullish flag formation, subject to a potential breakout higher.
BCH/USD daily chart
- Price action has edged out from a descending wedge pattern formation, leaving room for the bulls to capitalize on the breach.
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