- Bitcoin Cash price is trading in the green, with gains of 5.50% in the second half of the session.
- BCH/USD bounced off critical daily support noted at $185-180.
- There is heavy supply within the $200-250 range, which has capped upside for now.
BCH/USD daily chart
A bounce had been observed from 14 March, consolidation appears to have formed a bullish flag structure.
BCH/USD 60-minute chart
The bulls made an explosive breakout from a narrowing range-block formation, eyes on a retest. Failure to hold would likely see the recent bull run coming to an end.
Spot rate: 214.75
Relative change: +5.50%
High: 228.53
Low: 198.47
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