Bitcoin Cash (BCH) Price Analysis for July 12

Can the rate of BCH return to the $300 mark by the end of the week? maplesyrupsuckr BitcoinCashA BitcoinCash BitcoinCash BitcoinCom BitcoinBCHNews

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On the hourly chart, the rate of Bitcoin Cash is trading in the middle of the recently formed local channel, between the support at $272.7 and the resistance at $295. As most of the ATR has been passed, ongoing sideways trading is happening around $280.A similar picture can be seen on the daily chart as neither buyers nor sellers have seized the initiative yet. Bulls can think about a further upward move only if the rate gets back to the $300 zone and fixes above it.

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