Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in the green, with gains of 10% in the second half of the session.
- BCH/USD bulls took two days to consolidate, but firmly back in control.
- Should the barrier at $360 be broken down, the next major price mark will be eyed at $500.
BCH/USD weekly chart
The price is running with decent momentum to the upside, four consecutive weeks in the green.
BCH/USD daily chart
Market bulls are trying to break down heavy resistance at $360, a breach should open the door to further upside momentum.
Spot rate: 333.25
Relative change: +10.50%
High: 363.05
Low: 319.49
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