Bitcoin Cash Price Analysis: BCH/USD has an opportunity to shoot higher
|- Bitcoin Cash price is trading in the red, with losses of 0.70% in the second half of the session.
- BCH/USD price action continues to move within a potential bullish pennant.
- The range remains narrow; boundary to the upside at $390, to the downside $360.
BCH/USD daily chart
The daily price action has been tight for going on seven sessions now, as the price consolidates.
BCH/USD 60-minute chart
A range block formation is observed via the 60-minute chart view, awaiting the next committed move potentially from the bulls.
Spot rate: 379.67
Relative change: -0.65%
High: 384.54
Low: 372.34
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.