Bitcoin Cash Price Analysis: BCH/USD Is Back In Bullish Zone Above $540

Key PointsBitcoin cash price traded higher and broke two important resistances at $530 and $540 against the US Dollar.
Yesterday’s highlighted key bearish trend line was breached with resistance at $527 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair traded as high as $555 and it is currently correcting lower towards the $540 support.Bitcoin cash price is gaining momentum above $540 against the US Dollar. BCH/USD may correct lower, but dips remain supported near $