- Bitcoin Cash price is trading in the green, with gains of 4.50% in the second half of the session.
- BCH/USD bulls will need to break down $250 for greater buying momentum.
- The narrowing daily range breakout was the catalyst for a solid recovery.
BCH/USD daily chart
The price had been moving within a narrow range for six sessions, with the bulls making a strong breakout now, inviting a decent wave of upside momentum.
BCH/USD 60-minute chart
Price action has broken out to the upside from a bullish pennant, with another subject to a breakout higher.
Spot rate: 233.09
Relative change: 4.50%
High: 245.80
Low: 218.44