Bitcoin Cash price rallied over 15% and broke the $275 resistance. BCH is now facing strong resistance near the $282 zone.
Bitcoin cash price started a fresh surge above the $250 resistance.
The price is trading above $265 and the 100 simple moving average (4 hours).
There is a key bullish trend line forming with support at $258 on the 4-hour chart of the BCH/USD pair (data feed from Kraken).
The pair could continue to move up if it clears the $282 resistance zone.
Bitcoin Cash Price Rallies Above $270
After forming a base above the $232 level, Bitcoin Cash price started a steady increase. It broke the $245 resistance to enter a positive zone, like Bitcoin and Ethereum.
There was a strong increase above the $250 and $265 resistance levels. The price gained over 15% and tested the $282 resistance. A high was formed near $283 and the price is now correcting gains. There was a move below the $275 level.
The price tested the 23.6% Fib retracement level of the upward move from the $233 swin
We współpracy z: https://www.newsbtc.com/analysis/bch/bitcoin-cash-price-gains-282/
