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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