Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in the red, with losses of 0.70% in the second half of the session.
- BCH/USD vulnerable to further downside risks as price moves within bearish flag.
- The price is at risk of a potential $200 price breach, should the noted structure breach.
BCH/USD daily chart
Price action is moving within a bearish flag structure via the daily chart view, a breach could see $200 broken.
BCH/USD 60-minute chart
The price is breaking out of a bearish flag via the 60-minute chart view. Multiple time frames indicating further downside to come.
Spot rate: 202.35
Relative change: -0.70%
High: 204.82
Low: 198.40
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