- Bitcoin Cash price is one of the big under-performers on Thursday, nursing steep losses of some 16%.
- BCH/USD daily price action has broken out to the downside from an ascending channel formation.
- Given the above noted pattern break it leaves the door open to further selling pressure.
Spot rate: 403.65
Relative change: -16.50%
High: 490.00
Low: 382.62
BCH/USD 60-minute chart
- The price is tying to breakdown a former acting area of demand, now potential supply around $410.
BCH/USD daily chart
- A breach has been seen from a rising wedge which had supported the price April.
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