Bitcoin Cash Surges to $491.80 Following European Session Buying
- BCH rose by 3.3%, reaching $491.80 after breaking through the $487 resistance level.
- The price fluctuated within a range of $33.36, peaking at $495.30 before retreating slightly.
- Volume surged to 33,795 units on November 4, a 78% increase compared to the average of 13,478 units.
- Higher lows were established at $462.67, $474.27, and $479.03.
- Support levels are identified at $490, with resistance around the $495 area.
The recent buying activity during the European session has contributed to a bullish trend for BCH, as buyers have consistently stepped in at higher price points, maintaining upward momentum.
With BCH now trading near $491, it aims for an immediate target of $495 with potential breakout prospects above $500.(Source)
