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  • Bitcoin Cash price is trading in the red, with losses of 11.30% in the second half of the session.
  • BCH/USD the psychological $300 mark also support is at risk of being tested to the downside. 
  • The price is running towards its third consecutive session in the red. 

 

BCH/USD daily chart

The price really lost much upside momentum, after failing to breakdown the psychological $500 mark. 

BCH/USD 60-minute chart

Price action near-term has smashed out of a bearish pennant structure, the retest is in play at the time of writing, subject to rejection. 

 

Spot rate:                 312.10

Relative change:     -6.30%

High:                         361.85

Low:                          301.60