BCH has been ranging but the volume on bigger exchanges is so-so. Why is this happening when so many other markets are in rally mode?
The short answer is internal chaos. There has been a power struggle between company co-founders that seems to not be getting any better.
Bitmain presale operations has said that all June & July orders will not arrive until September or October at the earliest due to internal problems. It seems like the safest trade is buying with strength and buying the breakout from the range in the event that internal struggles break the price floor.
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Disclosure. The author owns no BCH or Bitmain debt obligations and has no long or short positions.