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  • Bitcoin Cash price in the late part  of the session on Tuesday, trading firmly in the red, down over 2%.
  • BCH/USD price is caught within the confinements of a steep descending channel structure.

 

Spot rate:                  156.53

Relative change:       -2.30%

High:                         159.48

Low:                          152.47

 

Trend:                        Bearish

BCH/USD 60-minute chart

  • Price action is heading south within a steep descending channel formation, subject to a potential breakout.

BCH/USD daily chart

  • Supply remains somewhat strong within the range of $160-170, where the price faltered late January.