RATE Group | BCH/USD at a huge crossroads
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BCH/USD at a huge crossroads

28 Oct BCH/USD at a huge crossroads

Posted at 18:14h in Bitcoin News by

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  • Bitcoin Cash price is trading in the green, up with gains of 2.30% in the second half of the session.
  • BCH/USD has maintained decent upside momentum since the range breakout lat last week.
  • The price is trading back within a huge zone, $260-280, the bulls must break for greater upside momentum.

 

BCH/USD daily chart

The bulls have smashed out from a narrowing range-block formation, leaving the door open to further potential upside pressure. 

BCH/USD 60-minute chart

Price action is narrowing within somewhat of a bullish pennant structure, subject to a potential breakout north. 

Spot rate:                 267.48

Relative change:      +2.30%

High:                         276.32

Low:                          258.51

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