- Bitcoin Cash price is trading in the green, with gains of 3.50% in the second half of the session.
- BCH/USD is running at seven consecutive sessions in the green, as bulls maintain momentum.
- There is supply observed just ahead of the big psychological $500 price mark.
BCH/USD weekly chart
Bulls are running at three strong weeks in the green, but have consistently been on the rise since the start of 2020.
BCH/USD daily chart
The big psychological $500 is within reaching distance for the market bulls, just some small resistance ahead do that.
Spot rate: 493.25
Relative change: +3.50%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.