Search ForexCrunch
  • Bitcoin Cash price late on Thursday is trading deep in the red down some 4.5%.  
  • Profit-taking appears to have kicked in, resulting in some deep selling for   BCH/USD.  

 

Spot rate:                 150.79

Relative change:       -4.50%

High:                         159.51

Low:                          146.38

 

Trend:                        Bearish

 

BCH/USD 60-minute chart

  • Price action has been prevented from a free-fall thanks to near-term demand via the 60-minute view, $146-147.  

BCH/USD daily chart

  • Heavy supply observed via the daily chart view from $165-160, as touted profit-taking comes into place.