- Bitcoin Cash price in the second half of Tuesday is holding big gains of over 8%, outperforming its peers in recovery.
- BCH/USD has been one of the hardest hit after the start of the month bull run. Buyers have kicked back into play within a known demand zone, $250-220.
- Price action is moving within an extremely narrow descending channel formation.
Spot rate: 250.93
Relative change: +8.15%
High: 256.91
Low: 231.40
BCH/USD 60-minute chart
- Price action has broken above a near-term descending trend line, which has capped the price since 28th April.
BCH/USD daily chart
- The price is moving within a very steep descending channel formation, narrowing greatly, subject to a breakout.
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