Bitcoin Cash Hits $1,500 Amid Short-Term Bull Reversal172.13

Bitcoin cash has rallied more than 96 percent from recent lows, but still remains trapped in a bearish pattern, the technical charts indicate. The gains are capped by the neckline resistance of the head-and-shoulders bearish reversal seen on the daily chart below. Neckline resistance is seen at $1,533 and is capping gains in BCH. BCH is still trapped inside the falling channel, meaning the overall outlook still remains bearish. The bullish daily RSI and 5-day MA, 10-day MA indicate BCH will likely rise above resistance at $1,533 and move towards $1,756 over the next few days.
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