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  • Bitcoin Cash price on Wednesday is trading in positive territory, holding gains of over 2%.  

  • BCH/USD bulls are trying to defy odds by breaking out from a bearish pennant set up.

  • Heavy near-term supply limiting upside is seen running from $330-340 range.  

Spot rate:                  325.29

Relative change:       +6.50%

High:                          337.91

Low:                           317.58



BCH/USD 60-minute chart

  • There is supply observed running from $330-340, the last potential barrier ahead of a $400 return.  

BCH/USD daily chart

  • Bulls are pressing for a daily breakout and closure above a bearish pennant.