- 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%