Bitcoin's (BTC) price has been consolidating above the $35,000 support since June 5. The price levels have remained the same because the price action is characterized by small body indecisive candlesticks called Doji and Spinning tops. The candlesticks are indicating that buyers and sellers are undecided about the direction of Bitcoin.
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.