Bitcoin Cash Technical Analysis: BCH/USD hits another top just above the $900 level, price saved by a demand zone, range breakout is pending

• The Bitcoin Cash price was seen nursing losses of over 2.5% in the session on Thursday, after the price failed again to sustain the $900 mark.
• Supply zone has proven to be heavy between $905-915, as seen over the past few sessions.

BCH/USD 60-minute chart

Spot rate:                                     867.1

Relative change:               -2.85%

High:                                                   908.2

Low:                                                       866.1

Trend:                                                 Bearish

Support 1:                                  861.0, bottom of demand zone.

Support 2:                                    830.5, (support on 60-minute chart) & demand zone.

Support 3:                                    801.6, 13th June low.

Resistance 1:                           874.7, 100MA.

Resistance 2:                          883.70, 50MA.

Resistance 3:                           906.70, demand zone entry.