Bitcoin cash price analysis: BCH drives past $690 to leave bearish momentum behind

TL;DR Breakdown The market has seen a commendable rise in price in today’s Bitcoin cash price analysis.Cryptocurrency has crossed all barriers to reach $697.20.Support levels have slightly increased to $625.61. The Bitcoin cash price analysis is showing an improvement in the coin value. The price levels have overcome the exceeding bearish momentum, and have achieved the value of $686.99.9The bulls have been able to lead again after the bears tried making a comeback. The momentum has been considerable and may take the price even above $706 if it gains more strength. BCH/USD 1-day price chart: Bears set for overthrowing bullish dominion today In the 1-day candlestick chart, a slight drop in the Bitcoin cash price levels has been noticed, as the bears are trying constantly to win back their position. Red candlesticks have appeared on the chart, with the price decreasing to $686.99. This is not an encouraging notion for the buyers, as the price levels have dropped after a smooth bullish trend. The moving average (MA) however, is still above the current price level i.e. $671. The volatility is decreasing, from which we can expect a rise in price ahead. The Bollinger bands are at an average of $616.11, and the trending line is showing stability. BCH/USD 1-day price chart. Source: TradingView The Relative Strength Index (RSI) score is at a very good number and is currently at 65.4. The Bollinger bands are showing the following...