Bitcoin Cash Price Analysis: BCH/USD focused on $700 target after bulls surge to $660

TL;DR Breakdown Bitcoin cash price analysis is bullish after an increase in price momentumTrading between above the  $657 resistance line increased buying pressureThe balance of power indicator on the Bitcoin cash daily chart suggests bullish advantage Bitcoin Cash Price Price Analysis: General price overview Bitcoin cash price analysis is bullish after an increase in price momentum for the 3rd consolidation week. The coin had begun showing signs of weakness before buyers came in aggressively and shifted focus upwards. Notwithstanding, the failure rate indicator for upward momentum is at a low of 9 percent, hence reducing the likelihood of the rally coming to an end any time soon. Bitcoin Cash rose from a 2-day low at $619 after the bears had hijacked the price at this point. Approaching yesterday’s close, BCH bounced back to the $640 region and has been trending within a bullish continuation since the start of the daily chart.  The biggest hurdle for Bitcoin Cash bulls includes increasing olume of take-profit traders near $600 – $650. Bitcoin cash daily chart shows an intraday high of $666.  If buyers manage to exert more pressure into the upward momentum, a high lower could set in and bring the coin closer to the $700 target.  Bitcoin Cash price movement in the last 24 hours Trading between the $650 – $660 and above the $657 resistance line has resulted in increasing buyer pressure. Thereby m...