- Bitcoin cash price mostly consolidated in a range above the $125 support against the US Dollar.
- The price is likely to gain bullish momentum above the $135 resistance level.
- There is a crucial bearish trend line in place with resistance at $135 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
- The pair is trading with a positive bias and it could surge above $135 and $138 in the coming sessions.
Bitcoin cash price seems to be positioning for an upside break above $135 against the US Dollar. BCH could gain traction if it breaks the key $135 and $138 hurdles.
Bitcoin Cash Price Analysis
Recently, there were volatile moves in bitcoin, ripple, Ethereum, and bitcoin cash against the US Dollar. Earlier, the BCH/USD pair declined after testing the $135 resistance. It dipped below the $130 support and the 55 simple moving average (4-hours). However, the $125 support area acted as a strong hurdle for buyers and later the price rebounded. It broke the $128 resistance and…
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