Bitcoin Cash Price Analysis: BCH/USD Surging Higher

Key PointsBitcoin cash price gained traction and moved above the $760 and $780 resistances against the US Dollar.
There is a short-term bullish trend line forming with support near $788 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is in a major uptrend and it is likely to accelerate higher above $800 in the near term.Bitcoin cash price jumped sharply towards $800 against the US Dollar. BCH/USD is gaining bullish momentum, which could lead it towards $850.
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