- Bitcoin Cash price is trading in the green, with gains of 2.10% in the second half of the session.
- BCH/USD is sitting on critical weekly support at $208, ahead of of psychological $200 mark.
- Price action is moving within consolidation mode, vulnerable to further downside risks.
BCH/USD weekly chart
The price is running at its second consecutive week in the red, trading just above vital support at $208.
BCH/USD daily chart
Daily trading conditions remain very much narrow, which has been the case since 23 November. An explosive breakout does appear to be imminent.
Spot rate: 211.11
Relative change: +2.10%
High: 209.10
Low: 206.00
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