Bitcoin Cash Price Analysis: BCH/USD bulls take a short breather ahead of further moves north

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  • Bitcoin Cash price is trading in the red, with losses of 7% in the second half of the session.
  • BCH/USD is on course for its best weekly performance since May 2019.
  • The price is heading for a retest of a breached ascending trend line of former support. 

BCH/USD weekly chart

The price is running at four consecutive weeks in the green, the best run north since May 2019. 

BCH/USD daily chart

Bulls managed to smash through a descending trend line, which had capped price action since 7 July.  

Spot rate:                  333.25

Relative change:      -4.50%

High:                           361.75

Low:                            266.99

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