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Bitcoin Cash [BCH] reclaims the $150 price level but…

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ambcrypto.com

Bitcoin Cash [BCH] is among the top gainers in the last seven days after going through another strong bullish phase. An interesting outcome considering that it showed signs of a potential bearish retracement after its mid-month rally.It delivered a substantial pullback on 25 July, setting precedence for a bearish week but it has turned out to be a bear trap.BCH bulls managed to push above the $150 price during 28 July’s trading session after a previous faux bearish attempt.

This is a critical price level because it was the cryptocurrency’s lowest price level in May. BCH has not only managed to reclaim this level but also push past it to its $158 press time price.Source: TradingViewIts price chart reveals a breakout from its descending wedge pattern.

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