BCH Clings to $1600

Bitcoin cash is maintaining its hold on the $1,600 handle. At the time of this writing, we are finding support from a trendline on 5 and 30 minute charts. The Kovach Momentum Indicators remain bullish on the 1 day and 30 minute charts. This suggests that BCH may be gearing up for another long-awaited breakout. However, the psychological and technical level of $1,700 remains a barrier.

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