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Bitcoin Cash Price Forecast: BCH/USD daily bear flag leaves the door open to selling pressure

FX Street

Updated: 14 Apr. 2020 | 19:07

Bitcoin Cash price is trading in the green, with gains 0.95% in the second half of the session.
BCH/USD is at risk of testing the critical $200 mark to the downside.
The next major area of support should be then noted at March lows, $140.

BCH/USD daily chart

Price action formed a bearish flag from 13 March up until 8 April, of which the bears forced a breach.

BCH/USD 60-minute chart

In addition to the bearish daily view, a flag breakout can also be observed via the 60-minute.

Spot rate: 220.97

Relative change: +0.95%

High: 228.89

Low: 220.21

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