The last 48 hours were marked by a strong bearish wave that forced all major cryptocurrencies into trading in red. However, the bears ran out of momentum during yesterday’s trading session and today, almost all the cryptocurrencies are trading in green against the USD. Bitcoin Cash isn’t left out. The price of Bitcoin Cash took an impressive bullish move aiming towards $600 once again. This may be all thanks to the news that Google has decided to reverse its ban on cryptocurrency related adds. For more information about the ban, read this post by smartereum.com.
Bitcoin Cash (BCH) Price Up And Trending
There is a lot of positive sentiment in the industry right now and the price of Bitcoin took a bullish turn. As expected, Bitcoin Cash and other cryptocurrencies followed. Bitcoin Cash is up by 22% within the last seven days. However, the weekly chart show that the sellers are still in control even with the prices currently trading in favour of the bulls. The cryptocurrency is trading within the bear breakout pattern that started in August 12. The bears also put a lot of pressure on the market on September 9 with the price falling below the important resistance at $600. Until Bitcoin Cash can reach and cross the $600 level, the weekly outlook is going to be bearish.
Bitcoin Cash (BCH) Price Today – BCH / USD
On the daily charts, Bitcoin Cash is bullish against the USD and the buyers may be able to maintain the momentum until the price gets to $600. This is because the bulls are active short-term and the gains built up fast yesterday. The buyers are clearly back in business. Aayush Jindal from NewsBtc recommends aggressive trades with targets at $600 and stops at $430.
Bitcoin Cash (BCH) Price Now
At the time of writing, Bitcoin Cash was trading at $524.94. This indicates a 18.75% rise against the USD and a 18.26% rise against Bitcoin. The trading volume within a 24 hour period is $1,011,524,303 while the total market capitalization is $9,118,716,028.