Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $440

Key PointsBitcoin cash price broke to the upside, but it declined back below $460 against the US Dollar.There is an ascending channel forming with support at $440 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair may continue to consolidate and slowly move higher above $450 in the near term.Bitcoin cash price retreated from the $480 resistance against the US Dollar. BCH/USD is currently consolidating above $440 with a few positive signs.Bitcoin Cash Price AnalysisYesterday, there was a sharp upside move and reversal in bitcoin price, which helped bitcoin cash price to move above $450 against ...

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