Bitcoin cash price started a major increase from the $520 zone. BCH broke the $580 resistance level and the 55 simple moving average (4-hours). The price settled above the $600 level and surpassed the $600 level. There was also a break above a major contracting triangle with resistance near $602 the 4-hours chart of the BCH/USD pair. A high was formed near $637 and it is now consolidating gains. It is trading near the $628 level. An initial support is near the $620 level. It is near the 23.6% Fib retracement level of the recent wave from the $567 swing low to $637 high. The first major support is near the $600 level ... (full story)