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Bitcoin Cash Price Analysis: BCH/ bulls need to break down $250 for greater buying pressure

  • Bitcoin Cash price is trading in the green, with gains of 0.20% in the second half of the session.
  • BCH/USD is back within the control of the market bulls, running towards four straight days in the green. 
  • In terms of key levels to note; an upside barrier should be noted at $250, with support down at $200

 

BCH/USD daily chart

The bulls must breakdown $250, to invite greater buying momentum. 

BCH/USD 60-minute chart

A bullish pennant flag structure is viewable via the 60-minute chart view, subject to a potential breakout north. 


 

Spot rate:                232.40

Relative change:    +0.20%

High:                        236.49

Low:                         229.97

 

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