BCH/USD consolidating after a critical breakout
- Bitcoin Cash price is trading in the green, with gains of 1.50% in the second half of the session.
- BCH/USD price action remains narrow following the bulls pushing above a pennant.
- There is still much supply within the region of $225-50 that the bulls will need to break down.
BCH/USD daily chart
Conditions via the daily have offered little in terms of direction. The price is capped to the upside at $230, to the downside at $200.
BCH/USD 60-minute chart
A range block is containing price action at present, the next breakout could be trend defining for the near-term.
Spot rate: 223.88
Relative change: +1.30%