Bitcoin Cash (BCH) has experienced strong growth supported by technical factors. The key resistance is created by 200-day SMA at $273.00. Bitcoin Cash (BCH) extended the upside momentum and hit $262.80. BCH/USD gained over 7% in a matter of hours amid strong bullish momentum based on technical factors. At the time of writing, the coin is changing hands at $262.40, while with the current market capitalization of $4.79 billion and an average daily trading volume of $1.74. BCH/USD: Technical picture On the daily charts, BCH/USD is trading above the upper line of the Bollinger Band at $255.50. This technical level serves as local support and the first correction target. If it is broken, the sell-off may be extended towards 100-day SMA at $238.60 and 50-day SMA at $234.65. This level is also reinforced by the middle line of the daily Bollinger Band. However, the upward-looking RSI implies that the coin has not exhausted its bullish potential as of yet. BCH/USD may continue moving upwards with the next aim at 200-day SMA at $273. The price has been moving below this MA since March 9 and tried to break it on several occasions, which makes it a strong hurdle on the way to $300.00. BCH/USD daily 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 CFTC Positioning Report: Abdication of the King Dollar? FX Street 3 years Bitcoin Cash (BCH) has experienced strong growth supported by technical factors. The key resistance is created by 200-day SMA at $273.00. Bitcoin Cash (BCH) extended the upside momentum and hit $262.80. BCH/USD gained over 7% in a matter of hours amid strong bullish momentum based on technical factors. At the time of writing, the coin is changing hands at $262.40, while with the current market capitalization of $4.79 billion and an average daily trading volume of $1.74. BCH/USD: Technical picture On the daily charts, BCH/USD is trading above the upper line of the Bollinger Band at $255.50. This technical level serves as… 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.
