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Bitcoin Cash [BCH] Price Analysis: Fresh Gains Blast Through $300 – Eyes Glued on $350

  • Bitcoin resumes the uptrend and reclaims the support above $300 amid market bullish pressure.
  • All eyes are currently glued on $350 but first, the range resistance at $325 must be cleared.

BCH/USD is still observing the ranges between $250 and $325. Following the ballistic rise in the first week of April, Bitcoin Cash touched $350 but reversed the trend refreshing the levels close to $250. The crypto spent most of last week battling to retrace the steps above the 61.8% Fibonacci retracement level between the last swing high of $353.77 and a swing low of $147.41. The price stayed below the 50 simple moving average (SMA) 4-hour until the brief surge that started during the Asian trading session on Monday and has spilled into the European session.

Bitcoin Cash Price Analysis
Bitcoin Cash Price Analysis Chart Source: TradingView

Bitcoin Cash continues to trend higher, besides technical analysis show that the price is poised for further upward movement in the short-term. The relative strength index (RSI) 4-hour…

Read Full Story : Coingape

2019-04-15 06:32:26

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Written by Coingape

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