Bitcoin Cash price is falling after retesting the high of $536. BCH fell to the low of $502 and resumed upward. Incidentally, BCH/USD has been range-bound between $510 and $550 since the March 15 breakdown.
On March 24, Bitcoin Cash crashed to $442.79 low and immediately pulled back. The market has corrected upward after the breakdown. The bears broke the $510 support which has been holding for the past two weeks.
Bitcoin Cash has been confined between $510 and $550 as bulls and bears continue the price tussle since March 15. Today, BCH price is rising above the $510 support after the bears fail to breach the lower price range. The range-bound move would have been terminated if the bears have broken the $510 support.
Bitcoin Cash is still fluctuating between $440 and $560 price levels. For the past two days, the price has been consolidating near the resistance zone. The price action is also characterized by small body candlesticks called Doji or Spinning tops which describe the indecision between buyers and sellers.
Bitcoin Cash price is stuck below the $550 price level. Today, BCH is retracing after testing the $550 resistance zone. BCH has never traded above $550 high after the February 23 breakdown. The price has been fluctuating between $440 and $550.