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  • 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.