- Bitcoin Cash price is trading in the red, with losses of 2.75% in the second half of the session.
- BCH/USD price action is being capped to the upside by supply at the range of $275-280.
- The next major target to tackle will be the $300, a breakout and closure above is key.
BCH/USD daily chart
Price action is consolidating via the daily, holding promising heights, with recovery eyed, upon a breakdown of the noted near-term supply.
BCH/USD 60-minute chart
Near-term price action broke out to the upside of a bear flag, the bulls will need to push back above the void a short bias here.
Spot rate: 260.00
Relative change: -2.75%
High: 274.96
Low: 253.35
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