Bitcoin Cash Price Analysis: BCH/USD Upsides Capped Near $620

Key Points Bitcoin cash price attempted a recovery above the $600 level against the US Dollar. There is a short-term ascending channel formed with support at $590 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could move higher if it holds the $590 support and breaks the $620 resistance. Bitcoin cash price is consolidating with tiny recoveries against the US Dollar. BCH/USD must break the $620 resistance to recover towards $650. Bitcoin Cash Price Support After trading as low as $656, bitcoin cash price started a minor upside move above $570 against the US Dollar. The BCH/USD pair managed to move above the $580 and $600 resistance levels. It also succeeded in breaking the 23.6% Fib retracement level of the last major drop from the $710 high to $565 low. However, the upside move faced a strong resistance near the $620 level. The price

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