- Bitcoin Cash price on Wednesday nursing losses of some 1.7% in the latter part of the session.
- American electronics firm, Avnet has started to accept cryptocurrency as a form of payment; Bitcoin Cash and Bitcoin.
- BCH/USD despite minor losses in the session, bulls appears to be shaping up for some further upside. Near-term pennant spotted via the 4-hour chart.
BCH/USD 15-minute chart
- Near-term buying prevent price free-fall within the $155 territory, a small area of demand.
Spot rate: 156.28
Relative change: -1.75%
High: 159.58
Low: 152.90
BCH/USD 60-minute chart
- Price action narrowing within a range-block formation via the 60-minute chart view.
BCH/USD 4-hour chart
- Price action via the 4-hour view is moving within a bullish pennant pattern formation.