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BCH Recovery Capped Under $254 With 5% Gains: Price Analysis

The BCH recovery got capped under the $254 level with a 5% gains in a matter of minutes, between the upper line of the 1-hour Bollinger Band as we looking into the latest Bitcoin Cash news. The intraday RSI implies that the coin is quite vulnerable to the downside correction as the coin rallied from $249 to $254 in just a matter of Monday. While the coin stays below the high of $257 on Sunday, it is still moving in the strong bullish trend line in sync with the rest of the market. BCH/USD is still changing hands at $253…

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