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  • Bitcoin Cash price is trading in the red, with losses of 2.00% in the second half of the session.
  • BCH/USD is narrowing within a bearish pennant structure via the daily. 
  • The price is at risk of testing the $100 mark to the downside. 

 

BCH/USD daily chart

Price action remains tight with growing risks of a breakout from a bearish pennant pattern. The lower acting support is tracking at $160, a breach could pave the way for $100. 

BCH/USD 60-minute chart

A narrowing range-block should be noted via the 60-minute chart view, subject to a breakout. The upper part of the range tracks at $195, with the lower support at $140. 

Spot rate:                 174.50

Relative change:     -2.50%

High:                         184.21

Low:                          147.06