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  • 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 chartimage.gif
  • 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.