Search ForexCrunch
  • Bitcoin Cash price is trading in the red, with losses of 0.25% in the second half of the session.
  • BCH/USD price action has smashed out to the upside from a bullish pennant structure in the prior session. 
  • Price action is now consolidating at $450, the bulls will need to break for greater momentum north. 

BCH/USD daily chart

Should the bulls breakthrough $450, a fast return back to $500 will be eyed. 

BCH/USD 60-minute chart

Price action has somewhat broken out and retested a bullish pennant structure via the 60-minute chart view. 

 

Spot rate:                 443.65

Relative change:     -0.25%

High:                         448.08

Low:                          417.67