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  • Bitcoin Cash price on Tuesday is trading in positive territory with gains of some 2.30% in the second part of the session.  
  • BCH/USD daily price action moving within a bullish pennant pattern structure.  
  • The next major targets for the bulls are $400 and then $600 price territory. A breakdown of $400, could see a fast reversal back up to the pre-November fall area of $600+.

 

Spot rate:                   299.00

Relative change:       +2.30%

High:                          312.00

Low:                           291.02

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BCH/USD 60-minute chartimage.gif
  • The price lost much upside momentum in the early part of trading, running into chunky supply seen via the 60-minute, tracking from $310-313.  

BCH/USD daily chart

  • The price is subject to a potential breakout from the bullish pennant structure observed via the daily chart view.