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  • Bitcoin Cash price is trading in the green, up with small gains of 5.95% the session on Monday.
  • BCH/USD price action is breaking out from a narrowing range via the daily chart.  
  • Trading conditions since 24 September have been very narrow, a lack of commitment at present, with the bulls making a breakout.  

 

BCH/USD daily chart

Price action is breaking out from a narrowing range-block formation, which was subject to a breakout south.  

BCH/USD 60-minute chart

Heavy supply seen via the 60-minute chart view, running between $234-236, price last faltered here on 1 October.  

 

Spot rate:                   223.50

Relative change:       +5.90%

High:                          235.51

Low:                           218.84