Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in negative territory, nursing losses of some 0.70% on Friday.
- BCH/USD has retested a breached bearish flag structure, leaving the door open to further downside pressures.
- The price appears to be vulnerable to further downside pressure, given the technical behaviour.
Spot rate: 312.48
Relative change: -1.70%
High: 316.37
Low: 297.70
BCH/USD daily chart
- Price action has seen a retest of a breached bearish flag structure, which leaves BCH vulnerable to further downside pressures.
BCH/USD 4-hour chart
- The price via the 4-hour is moving within a bearish pennant structure, as BCH narrows.
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