- Bitcoin Cash price is trading in the red, up with losses of 1.30% in the second half of the session.
- BCH/USD bulls are facing large problems around $260-290 supply zone.
- If the price was able to break above the noted area, it could provide a decent wave of upside momentum.
BCH/USD daily chart
A rejection on the current daily has so far come into play with large daily supply, ahead of the psychological $300 mark.
BCH/USD 60-minute chart
The price is heading for a retest of a key near-term ascending trend line of support via the 60-minute.
Spot rate: 285.92
Relative change: -1.30%
High: 306.85
Low: 282.43
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