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Bitcoin Cash Price Analysis: BCH/USD bulls extending through critical $250 barrier

  • Bitcoin Cash price is trading in the green, with gains of 7.45% in the second half of the session.
  • BCH/USD momentum is back with the bulls, as the price surges to its highest in almost three weeks. 
  • A very fast return back into $300 could be observed in no time upon the noted flag breach. 
Bitcoin Cash Price Analysis: BCH/USD bulls extending through critical $250 barrier
Ken ChigboKen ChigboIndependent Analyst

BCH/USD daily chart

The next major barriers to the upside should be noted at; $280 and then $300. 

BCH/USD 60-minute chart

A range breach via the 60-minute chart view has invited a strong wave of buying pressure, as the bulls attempt a move above $250. 


 

Spot rate:                260.63

Relative change:    +7.60%

High:                        263.37

Low:                         241.55

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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