Bitcoin (available on Coinbase) Cash Price Watch: Bitcoin (available on Coinbase) Cash (BCH) returns to bull run.

Key Highlights:

Bitcoin (available on Coinbase) Cash price bounced back from its decline this past weekend, now looking to break $900 once again.

BCH/USD is back on a bullish run after establishing support at around $860.

The $910 price level is considered a major resistance point.

Bitcoin (available on Coinbase) Cash Price Watch: BCH/USD Looking To Overtake $900

On Wednesday, Bitcoin (available on Coinbase) Cash price continued to recover from its decline this past weekend, reaching a high of $909 before pulling back below $900. BCH/USD is now up by 6% over the past seven-day period. At the moment, the cryptocurrency is back on another bullish run, looking to overtake the pivotal $900 level once again.

Bitcoin (available on Coinbase) Cash managed to break past its previous resistance of $880 today, and a major resistance of $910 must be tested to maintain a long-term bullish outlook. For the short term, it’s more likely for BCH/USD to be in the $860-$890 price range. The lower limit of that range is considered a major support level. A downside action below the support could take BCH/USD down to a retracement level at $825.

Source: TradingviewLooking at the chart, things could go either way for Bitcoin (available on Coinbase) Cash price in the following hours. The MACD is showing a neutral signal, while the RSI indicator puts Bitcoin (available on Coinbase) Cash in a severely oversold position.

Looking at the Technical Indicators:

Hourly MACD — Neutral signal

Hourly RSI — Bitcoin (available on Coinbase) Cash is in oversold territory

Major Resistance Level — $910

Major Support Level — $860