- Bitcoin Cash price is trading in the red, up with losses of 2.5% in the second half of the session.
- BCH/USD remains stuck within the confinements of a bearish pennant structure via the daily.
- The price had been consolidating over the last seven sessions following the steep fall between 20-24 September.
BCH/USD daily chart
Should the bears capitalize on the bearish pennant structure, then the price could quickly drop down below $200.
BCH/USD 60-minute chart
The price is being comforted by a near-term critical ascending trend line of support.
Spot rate: 219.49
Relative change: -2.50%
High: 225.92
Low: 216.14
.