- 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