- 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
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