- Bitcoin Cash price seen up over 3% in the latter stages of Friday’s session.
- BCH/USD bulls are attempting to break back above a breached trend line, the key to further potential upside.
The Bitcoin Cash price jumped over 3% in the session on Friday, in an attempt to recover the heavy damage produced by the bear on Thursday. A board recovery was seen across the crypto market, however the sustainability of those remain in question.
BCH/USD crashed over 16% in the session on Thursday, being capped by a descending trend line, which was breached on 26th September, via the daily chart view. This descending trend line had been running from the back-end of July. Now evidently acting as a new support area, after being catching the falling price.
Technically, comfort for BCH/USD as mentioned its notable at $430, a demand area, but also above the broken mentioned trend line, as seen on the daily. Looking at the 4-hour chart view, bulls are attempting to break back above a breached ascending trend line of support. The resistance currently seen at $460.
BCH/USD 4-hour chart
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BCH/USD daily chart
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