Bitcoin Cash is making a steady upward move after the last bearish impulse. At the low of $140, the bulls have pushed the price back to the high of $240. However, the bulls are finding penetration difficult at the current resistance.
In the last 24 hours, the bulls have been making frantic efforts to breach the $7,000 overhead resistance. The bulls were unsuccessful as the price was resisted but the market fell below the resistance.
Recent data indicates that the amount of time a Bitcoin transaction takes to process has increased to its highest since November 2018. The Block time for the past few days has been recorded at more than 13 minutes.