Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in the green, with gains of 0.45% in the second half of the session.
- BCH/USD price action is at risk of another drop given bear flag breakout and retest.
- The next major of support should be noted at the psychological $200 mark.
BCH/USD daily chart
The price is running at two consecutive sessions in the red, after a flag rejection.
BCH/USD 60-minute chart
The price is moving within a tight range, subject to a bearish pennant breakout.
Spot rate: 220.72
Relative change: +0.45%
High: 223.78
Low: 215.76
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