Nickel Bitcoiner
Nickel Bitcoiner
Posts: 178
Joined: Thu Mar 07, 2019 7:50 pm

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BCH/USD Consolidating after a critical breakout

Thu Mar 26, 2020 8:23 pm

• Bitcoin Cash price is trading in the green, with gains of 1.50% in the second half of the session.
• BCH/USD price action remains narrow following the bulls pushing above a pennant.
• There is still much supply within the region of $225-50 that the bulls will need to break down.

BCH/USD daily chart
Conditions via the daily have offered little in terms of direction. The price is capped to the upside at $230, to the downside at $200.
BCH/USD 60-minute chart
A range block is containing price action at present, the next breakout could be trend defining for the near-term.
Spot rate: 223.88

Relative change: +1.30%

High: 228.17

Low: 218.24

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