After forming a base near the $285 level, bitcoin cash price started a nice upward move against the US Dollar. The BCH/USD pair climbed above the key $300 resistance level to move into a positive zone. Moreover, there was a close above the $300 level and the 55 simple moving average (4-hours). Finally, the price traded above the $310 and $320 levels. a new monthly high was formed near $333 and the price is currently correcting gains. It declined sharply below the $310 level. However, the price found support near $305 and the 55 simple moving average (4-hours). A swing low was formed near $304 and the price recovered ... (full story)