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  • 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