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  • Bitcoin Cash price on Monday is trading in minor positive territory by 1.30%.
  • BCH/USD price remains vulnerable as it consolidates underneath a bearish flag structure.  
  • Price action is stuck within another daily bearish pennant structure, subject to downside risks.


Spot rate:                   309.49

Relative change:       +1.20%

High:                          315.46

Low:                           305.16


BCH/USD daily chart

  • Daily price action is very much narrowing and consolidating underneath a breached flag structure.  

BCH/USD 60-minute chart

  • Upside is capped by a descending trend line tracking around $311, decent demand is protecting the $300 price mark.