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  • Bitcoin Cash price is trading in the red, with losses of 6.00% in the second half of the session.
  • BCH/USD continues to move within a bearish flag pattern, at risk of a breach. 
  • Periods of consolidation for the price only seem to be sold by the bears. 

 

BCH/USD daily chart

The formation of the bearish flag has been in play for going on six sessions now. 

BCH/USD 60-minute chart

A near-term head and shoulders pattern is playing out, as the price breaches the neckline area. 

 

Spot rate:                178.45 

Relative change:    -2.50%

High:                       186.56  

Low:                        169.51