RATE Group | Bitcoin Cash technical analysis: BCH/USD range block is subject to a big breakout
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Bitcoin Cash technical analysis: BCH/USD range block is subject to a big breakout

24 Oct Bitcoin Cash technical analysis: BCH/USD range block is subject to a big breakout

Posted at 16:55h in Bitcoin News by

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  • Bitcoin Cash price is trading in the green, with gains of 3.20%  the session on Thursday.
  • BCH/USD daily price action moving is subject to a potential impulsive breakout. 
  • The big psychological $200 price mark is being tested to the downside. 

 

BCH/USD daily chart

Price action is moving within a narrowing range block formation, the high up at $240, the low down at $210. 

BCH/USD 60-minute chart

Critical near-term hourly supply within the $215 – 217 price territory. 

 

Spot rate:                  216.79

Relative change:      +3.20%

High:                         217.46

Low:                          206.45

 

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