Bitcoin recovers from the shallow dive under $220 support but headway towards $230 still hampered. The impending breakout above the flag pattern could elevate Bitcoin Cash past $230. Bitcoin Cash is intentional with this current bullish momentum. The price has been able to sustain above the short-term ascending channel despite testing it twice. The brief deep under $220 support saw Bitcoin Cash make a comeback above $225. Bitcoin is trading at $226.14 following a 1.3% increase in value on the day. Its immediate upside is capped under the 100 Simple Moving Average (SMA). Glancing further up, Bitcoin Cash is moving closer to a flag pattern breakout. The Relative Strength Index (RSI) is also moving higher above the average. Continued traction towards the overbought is likely to stir growth in value with Bitcoin Cash stepping above $230. The trend was seen with the Moving Average Convergence Divergence (MACD). The indicator almost crossing above the zero line. Besides, correction above the 100 SMA would give BCH a boost to face the hurdle at $230. BCH/USD one-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 loses the grip and threatens 1.10 ahead of EMU data FX Street 4 years Bitcoin recovers from the shallow dive under $220 support but headway towards $230 still hampered. The impending breakout above the flag pattern could elevate Bitcoin Cash past $230. Bitcoin Cash is intentional with this current bullish momentum. The price has been able to sustain above the short-term ascending channel despite testing it twice. The brief deep under $220 support saw Bitcoin Cash make a comeback above $225. Bitcoin is trading at $226.14 following a 1.3% increase in value on the day. Its immediate upside is capped under the 100 Simple Moving Average (SMA). Glancing further up, Bitcoin Cash is moving… 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.
