- Bitcoin Cash price is trading in the red, with losses of 1.20% in the second half of the session.
- BCH/USD is pressing to the downside looking to breakout of a bearish flag pattern.
- The critical daily support is eyed at $200, a breach could be damaging.
BCH/USD daily chart
The bears are on the way to a potential critical range breakout, the low of $200 to the high up at $225.
BCH/USD 60-minute chart
Near-term price action has smashed out to the downside from a bearish pennant formation.
Spot rate: 206.09
Relative change: -1.15%
High: 209.00
Low: 203.71
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