- 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%
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.