Bitcoin Cash Analysis: Increase To $160 Seems Likely

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Bitcoin cash started a decent increase above the $125 and $130 levels against the US Dollar. The price is now trading above the $130 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $132 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $145 and $150 to continue higher in the near term. Bitcoin cash price is climbing above $130 against the US Dollar, similar to bitcoin. BCH/USD could start a fresh surge if it clears the $142 level. Bitcoin Cash Price Analysis

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Author: NixCoin

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