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Bitcoin Cash Price Analysis: BCH/USD minor technical cooling as bulls recharge

  • Bitcoin Cash price is trading in the red, with losses of 1.50% in the second half of the session.
  • BCH/USD is maintaining decent heights despite the minor technical cooling observed.
  • A critical area of support should be noted at the range $460-440. 
Bitcoin Cash Price Analysis: BCH/USD minor technical cooling as bulls recharge
Ken ChigboKen ChigboIndependent Analyst

BCH/USD daily chart

Bulls have run into some supply around the high area in June 2019, where the price peaked. 

BCH/USD 60-minute chart

The price has retested a breached range-block which the bulls broke out from during the session of 11 February. 

Spot rate:                 466.86

Relative change:     -1.50%

High:                         486.34

Low:                          459.36

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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