Bitcoin Cash Price Technical Analysis – BCH/USD Burst Above $1,500

Key PointsBitcoin cash price rallied further and it succeeded in breaking the $1,500 resistance against the US Dollar.
There is a major bullish trend line forming with support near $1,505 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair remains in a monster uptrend and it may soon break the $1,600 level in the near term.Bitcoin cash price is skyrocketing above $1,500 against the US Dollar. BCH/USD is likely to extend gains toward the $1,600 and $1,650 levels.
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