Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in the red, with losses of 3.25% in the second half of the session.
- BCH/USD failed to break above a barrier at the range of $225-50, which is very bear favourable.
- The next major support level should be noted at the psychological $200 mark.
BCH/USD daily chart
Price action via the daily chart view is moving within a narrowing range block formation.
BCH/USD 60-minute chart
The price broke below a critical range block of support, leaving the door open to a big $200 test from the bears.
Spot rate: 223.88
Relative change: -3.25%
High: 223.75
Low: 211.01
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