Bitcoin Cash Price Analysis: BCH/USD Could Surpass $500-510

Key PointsBitcoin cash price is consolidating gains above the $470 support level against the US Dollar.
There is a contracting triangle forming with support at $485 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair may continue to consolidate before buyers make an attempt to surpass $500 and $510.Bitcoin cash price is placed above the $450 and $460 supports against the US Dollar. BCH/USD could accelerate gains in the near term above the $500 level.
Bitcoin Cash Price Anal