This article was first published on: Latest Crypto News --
In this Bitcoin Cash price outlook, if the bulls overcome the first resistance and sustain the price above the EMAs, BCHUSD will rise and retest or break the overhead resistance level.
Bitcoin Cash (BCH) price was in a bullish trend zone yesterday. After a downward correction below the 12-day and the 26-day Exponential Moving Averages (EMAs), the price resumed an upward move above the EMAs, but the BCH bulls were facing resistance at the $420 price level.
On the upside, if the bulls are able to overcome the first resistance and the price is sustained above the EMAs, the Bitcoin Cash price will rise and retest or break the overhead resistance level. From the Fibonacci retracement tool, Bitcoin Cash price is in the support level of the 0.382 Fib. retracement level.
What is more, if the bulls defend the 0.382 Fib. retracement level, the BCH price will be in bullish momentum. The price of Bitcoin Cash is already in the continuation zone of 0.236 and 0.382 Fib. retracement leve...
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