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Bitcoin Cash Price Analysis: BCH/USD price surges and smashed through psychological 400 level

  • Bitcoin Cash moves higher and outperforms the rest of the crypto majors.
  • The 400 psychological level has been left behind and bulls could look to 500 next.

BCH/USD Daily Chart

Bitcoin Cash has moved 14% higher on Wednesday as crypto sentiment pushes higher.

BCH/USD has broken out of recent ranges to break the 400 psychological level.

The previous wave high was at 396 and now bulls could target 500.

On the chart below, 450 looks to be the next resistance but the buying volume still looks good.

Bitcoin Cash price action

Additional Levels

 

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