Bitcoin Cash Price Analysis: Bulls come roaring back after bloody Thursday

Updated: 13 Mar. 2020 | 04:42

BCH/USD bounced up from the $146.75 support line.
The RSI indicator is looking to creep out of the oversold zone.

BCH/USD daily chart

Following Thursday’s spectacular crash, the BCH/USD bulls have come roaring back this Friday. The price of the asset has jumped up from $146.75 to $182. Currently, the price is flirting with the lower curve of the 20-day Bollinger Band. So, while the bulls are in control, BCH/USD is still undervalued. The bulls will look to overcome the $188.35 resistance level to continue the upward momentum.

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