Home Bitcoin Cash Technical Analysis: BCH/USD bulls must run through $170-180 range for an additional wave of buying  pressure
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Bitcoin Cash Technical Analysis: BCH/USD bulls must run through $170-180 range for an additional wave of buying  pressure

FX Street
Published date:
  • Bitcoin Cash price on Friday trading within minor gains of some 1.8% towards the latter part of the day.
  • BCH/USD heavy sellers remain running from $170-180 price range, not been above since December 2018.  
  • Price action is ranging, which could see a breakout to the upside for the bulls.  

 

Spot rate:                  169.41

Relative change:       +1.80%

High:                         171.03

Low:                          166.78

 

Trend:                        Bullish

BCH/USD 60-minute chart

  • Price action is ranging within a narrowing block formation, subject to a breakout.

BCH/USD daily chart

  • Tough resistance running from $170-180 price region, BCH/USD has not been above since December 2018.

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