Bitcoin Cash Price Weekly Analysis: BCH/USD Could Extend Gains Above $500

Key PointsBitcoin cash price rallied recently and broke the $450 and $460 resistances against the US Dollar.
There was a break above a major bearish trend line with resistance at $430 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
The pair may correct lower in the short term before buyers push the price above the $500 handle.Bitcoin cash price is back in a positive zone above $460 against the US Dollar. BCH/USD is likely to extend gains above the $500 level in the near term.
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