Bitcoin Cash Analysis: Key Uptrend Support Intact At $122
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Bitcoin cash started a decent increase above the $120 and $122 levels against the US Dollar. The price is now trading below the $130 zone and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $129 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $129 and $130 to continue higher in the near term. Bitcoin cash price is consolidating above $120 against the US Dollar, similar to bitcoin. BCH/USD could start a fresh surge if it clears the $130 level. Bitcoin Cash Price Analysis Bitcoin