- The hurdle at $170 is proving to be an uphill task among the bulls.
- Reaction to the sideways trendline could send Bitcoin Cash back to the drawing board.
- BCH/USD likely to stay in range with the upside limit at $170.
Bitcoin Cash has been trending higher within a rising wedge pattern, 4-hour chart. The price has in the last two weeks traded higher highs and higher lows above the lower trendline of the wedge pattern. BCH/USD recently cleared the resistance at $160 and $170, however, the buyers failed to sustain growth above $170.