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  • Bitcoin Cash price is trading in the red, down over 2.25% the session on Wednesday.
  • BCH/USD price action is moving within a narrowing range-block formation via the daily.
  • The range should be noted at a high of $350, down to a low of $275.

 

Spot rate:                   294.03

Relative change:       -2.25%

High:                          301.64

Low:                           292.26

BCH/USD daily chart

  • Price action is moving within a narrowing range-block formation, consolidating from the start of July.  

BCH/USD 60-minute chart

  • The bears have broken out from an ascending channel formation via the 60-minute view.