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  • Bitcoin Cash price is trading in the green, with losses of 5.65% in the second half of the session.
  • BCH/USD price subject to a potential retest of a breached bullish flag structure via the daily. 

  • Key daily support should be noted at $368, failure to hold, would invite a fresh wave of selling. 

BCH/USD weekly chart

The bulls have made tremendous gains over the last six weeks, rallying from $185 up to recent highs at $400. Supply can be observed at the $400 mark, the major barrier ahead of $500. 

BCH/USD daily chart

BCH/USD has been on the run higher for five consecutive sessions, following a breakout of a bullish flag structure. Eyes are now on a potential retest, should the noted $368 support fail to hold. 

 

Spot rate:                370.45 

Relative change:     -5.50%

High:                         394.65

Low:                          363.58