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Bitcoin Cash Price Analysis: BCH/USD bulls need to break above $250 for greater buying pressure

  • Bitcoin Cash price is trading in the green, with gains of 0.20% in the second half of the session.
  • BCH/USD is back within the control of the market bulls, running towards four straight days in the green. 
  • In terms of key levels to note, an upside barrier should be noted at $250, with support down at $200.
Bitcoin Cash Price Analysis: BCH/USD bulls need to break above $250 for greater buying pressure
Ken ChigboKen ChigboIndependent Analyst

BCH/USD daily chart

The bulls must break above $250, to invite greater buying momentum. 

BCH/USD 60-minute chart

A bullish pennant flag structure is viewable via the 60-minute chart view, subject to a potential breakout north. 


 

Spot rate:                232.40

Relative change:    +0.20%

High:                        236.49

Low:                         229.97

BCH/USD

Overview
Today last price237.8697
Today Daily Change4.5804
Today Daily Change %1.96
Today daily open233.2893
 
Trends
Daily SMA20235.991
Daily SMA50232.9953
Daily SMA100306.0491
Daily SMA200269.0271
 
Levels
Previous Daily High236.2074
Previous Daily Low217.8748
Previous Weekly High245.5439
Previous Weekly Low206.3545
Previous Monthly High353.0056
Previous Monthly Low135.8533
Daily Fibonacci 38.2%229.2044
Daily Fibonacci 61.8%224.8779
Daily Pivot Point S1222.0403
Daily Pivot Point S2210.7912
Daily Pivot Point S3203.7077
Daily Pivot Point R1240.3729
Daily Pivot Point R2247.4564
Daily Pivot Point R3258.7055

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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