Bitcoin Cash (BCH) price increased by over 2% in a matter of minutes amid a strong bullish rally across the cryptocurrency market. At the time of writing, BCH/USD is changing hands at $228.40, off the intraday high of $229.34. The coin takes 6th place in the global cryptocurrency rating and has the market capitalization of $4.19 billion. It is one ow the best-performing coins on Monday as the upside momentum gains traction. BCH/USD: The technical picture On the intraday chart, BCH/USD broke above a strong local resistance level created by a combination of 1-hour SMAs at $222.00. The move created a strong momentum and pushed the price above the upper line of the 1-hour Bollinger Band (BB) and 4-hour SMA100 at $227.68. If the bullish trend gains traction, the price may retest $230.00 for the first time since June 27. BCH/USD 1-hour chart Considering the upward-looking RSI in the intraday charts, the price may continue moving towards the above-said barrier. However, on the downside correction starts, BCH/USD may retreat to $227.00 and $226.50 (the upper line of the 4-hour Bollinger Band). The ultimate support is created by a combination of 1-hour and 4-hour SMAs on approach to $222.00. BCH/USD 4-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/USD: Bullish while above the 1.1168 June 22 low – Commerzbank FX Street 3 years Bitcoin Cash (BCH) price increased by over 2% in a matter of minutes amid a strong bullish rally across the cryptocurrency market. At the time of writing, BCH/USD is changing hands at $228.40, off the intraday high of $229.34. The coin takes 6th place in the global cryptocurrency rating and has the market capitalization of $4.19 billion. It is one ow the best-performing coins on Monday as the upside momentum gains traction. BCH/USD: The technical picture On the intraday chart, BCH/USD broke above a strong local resistance level created by a combination of 1-hour SMAs at $222.00. The move created… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
