Bitcoin Cash Analysis: Rally Gains Pace Above $300

Bitcoin cash started a strong increase above the $225 and $250 levels against the US Dollar. The price is now trading above the $280 zone and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $270.00 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $320 and $325 to continue higher in the near term. Bitcoin cash price is climbing above $300 against the US Dollar, outperforming Bitcoin. BCH/USD could start a fresh surge if it clears the $325 level. Bitcoin Cash Price Analysis