Bitcoin Cash technical analysis: BCH/USD the door open to more selling

FX Street

Updated: 16 Oct. 2019 | 19:57

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

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