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  • 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