As the day progresses, the cryptocurrency market momentum seems to shift at random intervals. Hourly charts start to look very bearish once again, although the daily chart is still pretty solid right now. The Bitcoin Cash price is still going strong at this time, as the $320 level is well within reach.
Bitcoin Cash Price Remains Rather Bullish
When the Bitcoin price begins noting some strong gains, altcoins will either follow suit or crumble under the pressure. While many people may not necessarily like or agree with what Bitcoin Cash represents, the current value of this altcoin cannot be ignored. After nearly a week of solid gains, it has surpassed $250 and $300 in quick succession without looking back.
Over the past 24 hours, the Bitcoin Cash price rose by another 10%, as it is now valued at $321.33. There is also another 7.15% increase in BCH/BTC, as this ratio remains incredibly bullish lately. One BCH is now priced at 0.0622 BTC, which will be of great interest to traders looking to increase their Bitcoin holdings in…