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  • Bitcoin Cash price is trading in the green, with gains of 4.50% in the second half of the session.
  • BCH/USD has managed to stabilize for now at the range of $330 – $330. 
  • Should the above-noted support be breached, a strong wave of a downside would be eyed. 

 

BCH/USD daily chart

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

BCH/USD 60-minute chart

Near-term price action is moving within a bearish flag structure via the 60-minute chart view. 

 

Spot rate:                 331.20

Relative change:     +5.50%

High:                         335.35

Low:                          307.29