Bitcoin Cash Analysis: Rally Seems Unstoppable above $130

Bitcoin cash started a strong increase above the $115 and $120 levels against the US Dollar. The price is now trading above the $125 zone and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $133.00 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $140 and $142 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