- Bitcoin Cash price is trading in the red, with losses of 0.25% in the second half of the session.
- BCH/USD price action has smashed out to the upside from a bullish pennant structure in the prior session.
- Price action is now consolidating at $450, the bulls will need to break for greater momentum north.
BCH/USD daily chart
Should the bulls breakthrough $450, a fast return back to $500 will be eyed.
BCH/USD 60-minute chart
Price action has somewhat broken out and retested a bullish pennant structure via the 60-minute chart view.
Spot rate: 443.65
Relative change: -0.25%
High: 448.08
Low: 417.67
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