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  • Bitcoin Cash price is trading in the red, with losses of 3.05% the session on Thursday.
  • BCH/USD bears have forced their way out of a bearish flag structure, leaving the door open to further selling pressure.  
  • The price must hold the retest or be forced back within the narrow range and be subject to further downside.  


BCH/USD daily chart

The bears remain firmly in control of the trend, as the price consolidates, another drop may be on the cards.  

BCH/USD 60-minute chart

A breakout from the bearish flag via the 60-minute puts the $200 price at risk.  


Spot rate:                   238.74

Relative change:       -3.05%

High:                          229.06

Low:                           217.04