Bitcoin Cash Price Solid 15% Gain: Signs Point to Fresh BCH Rally Ahead

Feb 12, 2024 06:00 am Cryptocurrency 75

Bitcoin Cash price rallied over 15% and broke the $275 resistance. BCH is now facing strong resistance near the $282 zone.

Bitcoin cash price started a fresh surge above the $250 resistance.

The price is trading above $265 and the 100 simple moving average (4 hours).

There is a key bullish trend line forming with support at $258 on the 4-hour chart of the BCH/USD pair (data feed from Kraken).

The pair could continue to move up if it clears the $282 resistance zone.

Bitcoin Cash Price Rallies Above $270

After forming a base above the $232 level, Bitcoin Cash price started a steady increase. It broke the $245 resistance to enter a positive zone, like Bitcoin and Ethereum.

There was a strong increase above the $250 and $265 resistance levels. The price gained over 15% and tested the $282 resistance. A high was formed near $283 ..

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