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  • Bitcoin Cash price is trading in the red, with losses of 1.75% in the second half of the session.
  • BCH/USD is heading for a breakdown of $450, where critical near-term resistance is eyed. 
  • A challenge of where the price peaked in June-July will be pivotal for Bitcoin Cash. 

 

BCH/USD weekly chart

The price has been pushing aggressively higher for the last seven weeks, with the bulls aiming for a move back into $500. 

BCH/USD daily chart

A breakdown of the daily resistance eyed at $450, should open up the doors for a return into $500. 

 

Spot rate:                 437.65

Relative change:     -1.75%

High:                         441.73

Low:                          417.67