- Bitcoin Cash price is trading in the green, with gains of 5.20% in the second half of the session.
- BCH/USD was forced to retest the critical daily support at the psychological $300 mark.
- Should the above-noted support give way, a strong wave of selling pressure may be seen.
BCH/USD weekly chart
The price has closed in the red for three consecutive sessions, which has been the case since the bearish evening star formation.
BCH/USD daily chart
Price action is attempting to break out of a narrowing bearish pennant structure via the daily, trading to avoid another breakout south.
Spot rate: 328.46
Relative change: +5.50%
High: 329.11
Low: 310.44
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