- Bitcoin Cash price in the second half of Monday is trading deep within negative territory, down over 4%.
- BCH/USD are firmly within control, after a big rejection and failure from the bulls with the $300-350 price area.
- The next area of support is seen deeper below at an ascending trend line, tracking around $150.
Spot rate: 237.89
Relative change: -4.60%
High: 249.64
Low: 231.16
BCH/USD 60-minute chart
- BCH/USD price action continues to smash out from these bearish pennant structures, after a brief consolidation period.
BCH/USD daily chart
- Next major support eyed down at $150, where a key long-running ascending trend line is observed.
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