Bitcoin Cash technical analysis: BCH/USD bulls have the room to run further north
- Bitcoin Cash price is trading in the green, up with gains of 2.80% the session on Wednesday.
- BCH/USD bulls managed to break free from a narrowing range block formation, leaving room for greater upside.
- The price is trading at the highest levels seen in over two weeks, as the momentum swing back into the bulls favour.
BCH/USD daily chart
The next major area of interest for the bulls will likely be the pychological $300 price territory, given the recent breakout.
BCH/USD 60-minute chart
There is near-term supply seen via the 60-minute chart at $240 capping upside for now.
Spot rate: 238.74
Relative change: +2.80%