Search ForexCrunch
  • Bitcoin Cash price is trading in the red, with losses of 1.25% in the second half of the session.
  • BCH/USD price action is sitting underneath a breached bear flag. 
  • A retest of the March low area down at $140 is the next major downside target. 

 

BCH/USD daily chart

The price has been consolidating after the harsh selling between February – March, it appears this consolidation is gearing up for a resumption south. 

BCH/USD 60-minute chart

A range block formation is viewable via the 60-minute chart view. The upside is capped at $228, down at $221. A breakout and retest are at present in play.

 

 

Spot rate:                220.70

Relative change:    -1.20%

High:                        225.37

Low:                         218.70