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Bitcoin Cash technical analysis: BCH/USD bulls must breakdown a big barrier at $450 for greater upside

  • Bitcoin Cash price in the second half of the session on Monday is trading in the green up with gains of over 1%.  
  • BCH/USD bulls are attempting to breakdown heavy supply around $450 price area.  
  • A surge of life came back into play for the bulls during the session on Sunday, seen across the market.  

 

Spot rate:               438.25

Relative change:   +1.15%

High:                       447.70

Low:                        425.59

BCH/USD 60-minute chart

  • The significance of the $450 can be observed via the 60-minute view, where the price has faltered on several occasions this month.  

BCH/USD daily chart

  • Bulls are attempting to breakdown a large barrier that can be seen at $450 price territory, looking like the gateway to further potential upside.  

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