- Bitcoin Cash price is trading in the green, with gains of 3.40% in the second half of the session.
- BCH/USD bears smashed out of a daily bearish pennant structure, inviting fresh selling.
- To the downside, next major weekly support levels eyed at $160, $150 and then $120.
BCH/USD weekly chart
The price is subject to retest a breached flag structure, following the initial flag back in November. Support should be noted at $160, the upper acting trend line.
BCH/USD daily chart
Price action has breached a bearish pennant pattern, which has seen consistent selling since.
Spot rate: 181.97
Relative change: -3.40%
High: 183.74
Low: 169.62
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