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Bitcoin Cash Analysis: Bulls Aim Massive Breakout Above $300

From livebitcoinnews.com

Earlier this week, bitcoin cash price surged above the $270 and $280 resistance levels against the US Dollar. BCH price even settled above the $280 level and the 55 simple moving average (4-hours). Finally, it gained bullish momentum above $290 and tested the $300 resistance zone. A new monthly high is formed near $300 and the price is currently consolidating gains. It corrected below the $295 and $290 levels. Besides, there was a break below the 23.6% Fib retracement level of the recent upward move from the $244 swing low to $300 high. However, the price is trading nicely above the $280 support zone (resistance ... (full story)

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  • Category: Technical Analysis