Bitcoin Cash Price Analysis: BCH/USD Extending Gains Above $600
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Bitcoin cash price rallied above the key $600 resistance against the US Dollar.
There is a major bullish trend line formed with support at $580 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair may correct lower, but dips towards the $580 zone remain supported in the near term.
Bitcoin cash price is placed heavily in an uptrend above $550 against the US Dollar. BCH/USD traded as high as $629 before it started a downside correction.