The last 2 days have been so soothingly bullish that market capitalization of the crypto market has grown from $247,596,159,865 to $268,105,223,052.
The majority of the altcoins too have shown a substantial strength as they came up with notable yet limited price growth. Bitcoin too has managed to remain above $9500 firmly.
All this while, Bitcoin Cash has attempted to grow in both ways. The price has sustained its rally above $240 while remaining above the key support levels. Moreover, BCH has carried out an upgrade regarding its protocol consolidating its fundamental aspect.
With this, it will be able to serve faster and smoother transactions. By providing such improved service to its userbase, BCH is going to see the expanded community getting involved with it.
Bitcoin Cash Price Analysis
Over the last 2 days, BCH/USD has scored by almost $10. The coin was at $232 on May 28 and later closed at $241 after dipping at $229.
Yesterday, largely the Bitcoin Cash price kept consolidating between 61.80% to 23.60% fib levels. Today, in the last few hours, it has surged impressively striking a bullish breakout. BCH is testing resistance at $242 while it holds a support area at $239.
The currency is holding a bullish picture when it comes to its technicals. The price of Bitcoin Cash is above all the moving averages while the MACD indicator is in the positive area.
The post Bitcoin Cash (BCH) Records a Steady Growth Above $240 appeared first on NameCoinNews.
