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  • Bitcoin Cash price late in the session on Friday is nursing steep losses of some 3%, as the bears maintain control.
  • BCH/USD is running towards its fourth consecutive session in the red, dropping as much as 20% within the period.  
  • The bulls failed to capitalize on a bullish pennant pattern structure seen via the daily.  

 

Spot rate:                 256.05

Relative change:      +3.03%

High:                        270.62

Low:                         250.11

BCH/USD 60-minute chart

  • Price action via the 60-minute has broken out to the downside from a bearish pennant pattern.  

BCH/USD daily chart

  • Price is running at its fourth consecutive session in negative territory, as the bears maintain control. The bullish pennant structure was not capitalized on by the bulls.