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  • Bitcoin Cash price is trading in the red, with deep losses of 9.10%   the session on Wednesday.
  • BCH/USD daily price action broke out and retested a bearish flag structure.  
  • The big psychological  $200 price mark is being tested to the downside.  

 

BCH/USD daily chart

Price action via the daily chart view broke out and retested a bearish flag structure.  

BCH/USD 60-minute chart

Large sell orders kicked into play after the price was hit within the $235 territory, inviting a strong bout of selling pressure.  

 

Spot rate:                   230.58

Relative change:       -1.45%

High:                          227.76

Low:                           197.93