The Bitcoin Cash fork of the pioneering Bitcoin cryptocurrency has recently suffered a heavy blow to the chest with a successful fifty-one percent (51%) attack that came on the 15th of May.
Despite the attack, the BCH price has maintained a highly aggressive stance on the charts soaring above nine percent (9%) in the last 36 hours.
The Bitcoin cash price analysis revealed that the attack of fifty-one percent (51%) on May 15th caused a slight decline in the price.
But, after the brief depreciation, the price of BCH surged and crossed the resistance level of four hundred and fifty dollars ($450). Since yesterday the price has surged to nine percent (9%).
On the day of the attack, BCH price was moving between the three hundred and seventy-six dollars and three hundred and fifty dollars ($350-374) range.
The crucial level of 0.052 BTC that served the strong resistance area was successfully surpassed, and after that, a great increase in the price has been noted.
Bitcoin cash rally to $465 started on the 29th of May, and the price continued to rise until now with an over 7% rise in 36 hours from $432.
The five-day chart analysis reveals that, Bitcoin Cash price is taking short breathing bearish breaks in the rally so far and if the current trend persists BCH price can hit $500 soon.