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  • Bitcoin Cash price is trading in the green, with marginal  gains of 0.45% the session on Thursday.
  • BCH/USD bears have  forced their way out of a bearish flag structure yesterday, leaving the door open to further selling pressure.  
  • In terms of the next major downside support, this eyed at the psychological  $200 mark.  


BCH/USD daily chart

Price action has breached a bearish flag structure to the downside, leaving the door open to greater pressure.  

BCH/USD 60-minute chart

Heavy near-term supply observed within the $220 price territory as seen via the 60-minute chart view.  


Spot rate:                   238.74

Relative change:       -3.05%

High:                          219.65

Low:                           214.06