Bitcoin Cash Price Technical Analysis – BCH/USD To Make Next Move

Key PointsBitcoin cash price is trading above the $1,500 support and is preparing for the next move against the US Dollar.
There is a short-term contracting triangle forming with resistance at $1,540 on the hourly chart of BCH/USD (data feed from SimpleFX).
The pair is likely to break the triangle resistance at $1,540 and make the next move.Bitcoin cash price is stable above the $1,500 support against the US Dollar. BCH/USD may continue to rise in the short term towards $1,600 and $1,650.
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