Bitcoin Cash Price Analysis: BCH/USD Back above $1,100

Key PointsBitcoin cash price held the $1,040 support and moved higher above $1,100 against the US Dollar.
There was a break above a connecting bearish trend line with resistance at $1,080 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is now placed nicely above the $1,100 level and the 100 hourly simple moving average.Bitcoin cash price bounced back from $1,040 against the US Dollar. BCH/USD is now back in a bullish zone above the $1,100 pivot level.
Bitcoin Cash Price