Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in the red, with losses of 0.45% in the second half of the session.
- BCH/USD price action is narrowing ahead of further committed moves, following a flag breakout.
- There is a chunky area of supply that runs from $260-280 via the daily.
BCH/USD weekly chart
There has been a lack of trend observed over the past five weeks, trading within a range of $200-250. A break from this will likely be defining moving forwards for Bitcoin Cash price direction.
BCH/USD daily chart
The price is moving within a tight range, the support eyed at $230, resistance up at $250.
Spot rate: 232.40
Relative change: -0.45%
High: 236.49
Low: 229.97
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