This week, bitcoin cash price started a steady increase above the $235 resistance against the US Dollar. BCH price broke a few important hurdles near $245 to move into a positive zone. The bulls even pushed the price above the $250 resistance and BCH settled well above the 55 simple moving average (4-hours). Finally, it spiked above the $265 resistance and traded to a new monthly high at $266. Recently, there was a sharp downside correction from the $266 high. The price broke the $255 support, plus traded below the 50 Fib retracement level of the recent upward move from the $233 swing low to $266 monthly high. ... (full story)