Bitcoin Cash price recovered from the $160 zone against the US Dollar. BCH might aim a fresh rally toward the $240 and $250 levels.
Bitcoin cash price is consolidating above the $180 level against the US Dollar.
The price is trading below $200 and the 100 simple moving average (4 hours).
There is a key rising channel forming with resistance near $200 on the 4-hour chart of the BCH/USD pair (data feed from Kraken).
The pair is likely to accelerate higher if it clears $195 and $200.
Bitcoin Cash Price Prepares For The Next Move
After a strong decline, Bitcoin Cash price found support near the $160 level. BCH traded as low as $160.90 and recently started a recovery wave, like Bitcoin and Ethereum.
The price climbed above the $175 and $180 resistance levels. There was a break above the 23.6% Fib retracement level of the downward move from the $237 swing high to the $160 low. The price is now trading in a range above the $190 level.
Bitcoin Cash is now trading below $200 and the 100 simple
We współpracy z: https://www.newsbtc.com/analysis/bch/bitcoin-cash-price-increase-250/
