- Bitcoin Cash price is trading in the red, with losses of 2.55% in the second half of the session.
- BCH/USD vulnerable to further downside risks as price retests breached bearish pennant.
- Near-term price rallies remain subject to being sold by market bears.
BCH/USD daily chart
Price action is retesting a breached bearish pennant structure, at present finding difficult to break down.
BCH/USD 60-minute chart
The price is getting sucked back within a breached 60-minute range, with the $200 mark at risk of another retest.
Spot rate: 206.84
Relative change: -2.60%
High: 214.70
Low: 205.38
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