Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in the green, with gains of 5.50% in the second half of the session.
- BCH/USD price action is largely capped by a range at $225-50.
- There appears to be a lack of general market commitment, given soft investor sentiment.
BCH/USD weekly chart
The price closed in the red for the week, as vulnerabilities stack up for another potential drop. Should the bears breakdown the psychological $200 mark, it would likely open the door to another wave of selling.
BCH/USD daily chart
Daily conditions are extremely narrow and have offered little in terms of committed direction, this has been seen for the past ten sessions.
Spot rate: 223.88
Relative change: +5.50%
High: 220.81
Low: 205.54
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