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Bitcoin Cash surged above its upper ceiling of $550.2 on the back of a bullish broader market and continued its northbound trajectory over the last 24 hours as well. The overhead resistance at $602.3 presented the next target for the bulls, a region that previously witnessed counterpressure from the bears.
As BCH approached this mark once again, the MACD’s histogram noted a slight dip in momentum even as the fast-moving line traded above the Signal line. A bearish crossover in the same could see the cryptocurrency stabilize at its press-time support. The RSI suggested that BCH was overbought as the current price point.
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