Bitcoin cash price analysis: Price blasts past $642 as bulls take charge

TL;DR Breakdown Major price difference is observed in the Bitcoin cash price analysis today.Price levels dropped down to a critical $642.48.General analysis shows that bulls are taking the lead. The Bitcoin cash price analysis is on the bullish side today after a major decline occurred in the previous week. Cryptocurrency has managed to overcome the huge loss and climb up the price levels to retouch $642.5. The general response from the buyers has been encouraging, which is why the price levels managed to stay above the $628.12 support. Nonetheless, the trends today have been largely bearish, with a slight rise in price happening in the current hour. Bitcoin cash price analysis: BCH resurges in search for recovery above $642 The candlestick chart showing 1-day BCH/USD price analysis is going smoothly towards a restoration of the coin value. The last week experienced unfavorable circumstances and a considerable fall in the price levels. Yet, today’s trend has been surprising as price levels continue to move towards the resistance at $703.82. The moving average (MA) has been $647.26, and there is still time for the current price levels to go above this mean value. With the sudden uprise in the price, the Relative Strength Index (RSI) also balanced itself at the value of 60.92, which is quite impressive for the bulls. BCH/USD 1-day price chart. Source: Tradingview The SMA 20 is going higher, and the volatility is also incr...