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Bitcoin Cash Price Analysis: BCH/USD closing in on big $500 return

  • 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. 
Bitcoin Cash Price Analysis: BCH/USD closing in on big $500 return
Ken ChigboKen ChigboIndependent Analyst

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%

High:                         496.93

Low:                          466.01

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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