BCH/USD 1DAY UPDATE BY CRYPTO SANDERS

Hello, welcome to this BCH/USDT 1DAY chart update.
I have tried to bring the best possible outcome to this chart.

CHART ANALYSIS:-Bitcoin cash (BCH) raced to a one-week high on Wednesday, despite cryptocurrency markets mostly trading lower.

Following a low of $103.09 on Tuesday, BCH/USD surged to an intraday peak of $109.09 earlier in today’s session.

The move saw BCH hit its highest point since November 8, when the token was trading close to a high of $120.00.

As can be seen from the chart above, today’s high saw bitcoin cash move closer to a key resistance level of $110.00.

The 14-day relative strength index (RSI) also rose higher, with the index breaking out of a ceiling of its own.

Currently, the index is tracking at 46.52, which is above the aforementioned ceiling of 45.00.

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