The price of Bitcoin Cash (BCH) has sparked a glimpse of hope against Tether (USDT) as it attempts to flip key resistance with eyes set on $200. The price of Bitcoin Cash in recent weeks has been more gloomy as many altcoins rallied and produced gains of double digits while BCH continues to range. (Data from Binance)
Bitcoin Cash (BCH) Price Analysis On The Weekly Chart
Weekly BCH Price Chart | Source: BCHUSDT On Tradingview.com
From the chart, the price of BCH saw a weekly low of $112, which bounced from that area and rallied to a price of $130 after showing great recovery signs in recent weeks.
BCH’s weekly candle closed with bearish sentiment, with the new week’s candle looking bullish, showing signs of strength after rejection from $135.
The price has struggled to gain traction as it attempts to hold key support.
If the price of BCH on the weekly chart maintains this structure, it could quickly return to $135 and form support above this range. To avoid ..
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