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  • Bitcoin Cash price is trading in the red, with losses of 0.70% in the second half of the session.
  • BCH/USD price action continues to move within a potential bullish pennant. 
  • The range remains narrow; to the upside at $390, to the downside $360. 

 

BCH/USD daily chart

The daily price action has been tight for going on seven sessions now, as the price consolidates. 

BCH/USD 60-minute chart

A range block formation is observed via the 60-minute chart view, awaiting its next committed move potentially from the bulls. 

 

Spot rate:                 379.67

Relative change:     -0.65%

High:                         384.54

Low:                          372.34