Bitcoin Cash Price Analysis: BCH/USD critical range breakout of $250-200 will spark an explosive move

• Bitcoin Cash price is trading in the green, with gains of 5.80% in the second half of the session.
• BCH/USD price action has offered little over the last five weeks, with an explosive range-breakout eyed. 
• A chunky upside barrier should be noted at $250, with support down at $200

BCH/USD daily chart

Trading conditions are tight, as the daily price action moves within a range-block.

BCH/USD 60-minute chart

Bulls enjoyed an explosive breakout from a narrowing range block formation, inviting a fresh wave of buying pressure. 

Spot rate:                232.40

Relative change:    +5.80%

High:                        234.00

Low:                         217.87