Home Bitcoin Cash Price Analysis: BCH/USD held by $450 barrier a break above would open door to more buying
Crypto News

Bitcoin Cash Price Analysis: BCH/USD held by $450 barrier a break above would open door to more buying

  • Bitcoin Cash price is trading in the red, with losses of 0.25% in the second half of the session.
  • BCH/USD price action has smashed out to the upside from a bullish pennant structure in the prior session. 
  • Price action is now consolidating at $450, the bulls will need to break for greater momentum north. 

BCH/USD daily chart

Should the bulls breakthrough $450, a fast return back to $500 will be eyed. 

BCH/USD 60-minute chart

Price action has somewhat broken out and retested a bullish pennant structure via the 60-minute chart view. 

 

Spot rate:                 443.65

Relative change:     -0.25%

High:                         448.08

Low:                          417.67

 

 

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.