Bitcoin Cash Price Technical Analysis – BCH/USD Remains Supported

Key Points Bitcoin cash price is well supported above the $1,160-1,180 support area against the US Dollar. Buyers are attempting an upside break above a bearish trend line with resistance at $1,250 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair may rise in the short term towards the $1,300 and $1,325 resistance levels.

Bitcoin cash price is positioned nicely above the $1,160 support area against the US Dollar. BCH/USD may slowly gain pace and move higher towards the...

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