Bitcoin Cash price is trading in the red, with losses of 6.30% in the second half of the session.
BCH/USD is firmly in the control of the market bears, as vulnerabilities built up underneath $500.
The selling pressure has very much been in play since the failure to break back above $500.
BCH/USD weekly chart
The week is heading for a harsh weekly closure in the red, following from last week’s evening star formation.
BCH/USD daily chart
Critical daily support should be noted at the range of $380-60.
Spot rate: 377.15
Relative change: -6.30%
High: 409.43
Low: 373.98
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