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  • Bitcoin Cash price is trading in the red, with losses of 3.30% the session on Thursday.
  • BCH/USD bears have forced their way out of a bearish flag structure, leaving the door open to further selling pressure.  
  • The sellers are making a push for the big pychological  $200 price mark.  


BCH/USD daily chart

The bears are making a breakout to the downside from a bearish flag structure.  

BCH/USD 60-minute chart

A range block breakout has been observed, allowing another wave of pressure  south.  


Spot rate:                   238.74

Relative change:       -3.05%

High:                          226.21

Low:                           214.05