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  • Bitcoin Cash price is trading in the green, with gains of 0.85% in the second half of the session.
  • BCH/USD bulls will need to break down some supply seen at the range of $250-260.
  • The next major target to tackle will be the $300, a breakout and closure above is key.

BCH/USD daily chart

The price was able to produce the biggest daily gain in over three weeks, as momentum returns to the upside. 

BCH/USD 60-minute chart

Near-term price action is moving within an ascending channels structure, slight right of breakout south, 60-minute support will be eyed at $250.

Spot rate:                 246.05

Relative change:    +0.85%

High:                        265.81

Low:                         252.33