- Bitcoin Cash price is trading in the red, with losses of 1.50% in the second half of the session.
- BCH/USD price action remains narrow a high at $230 down to a low of $220.
- Supply remains heavy within the region of $225-50 that the bulls will need to break down.
BCH/USD daily chart
Conditions via the daily have offered little in terms of direction. The price is capped to the upside at $230, to the downside at $220. This range has been observed over the last three sessions, edging towards a potential explosive breakout.
BCH/USD 60-minute chart
A near-term ascending trend line of support has guided BCH/USD to the upside, via the 60-minute chart view.
Spot rate: 223.88
Relative change: -1.55%
High: 235.46
Low: 221.75
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