Bitcoin Cash Price Analysis: BCH/USD bulls aim for the $225-level

Published date: 2 Apr. 2020 | 04:47

BCH/USD rose up from $219 to $224.40 this Wednesday.
The MACD indicator shows sustained bullish momentum.

BCH/USD daily chart

BCH/USD rose up slightly from $224.40 to $224.50 this Thursday. This followed a heavily bullish Wednesday, wherein the price rose from $219. BCH/USD is hovering above the SMA 20 and below the SMA 200 and SMA 50. The MACD indicates sustained bullish momentum, while the Elliott oscillator has had 17 straight green sessions. The bulls must overcome resistance at $228.85 to continue the upward momentum.

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