Ken Chigbo
Independent Analyst
- Bitcoin Cash Friday saw a decent bounce back, trading in positive territory up some 4.00%.
- BCH/USD bulls looking to retest the high area seen at the start of the week, up around $320.
- Price action via the daily chart view is moving within a bullish pennant structure.
Spot rate: 283.58
Relative change: +4.20%
High: 290.04
Low: 258.78
BCH/USD 60-minute chart
- Near-term resistance around $280 preventing the bulls from pushing ahead currently.
BCH/USD daily chart
- Price action is moving within a bullish pennant pattern structure, subject to a breakout higher.
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