Home Bitcoin Cash Price Analysis: BCH/USD giving up $200 could open the door to a strong wave of downside pressure

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Bitcoin Cash Price Analysis: BCH/USD giving up $200 could open the door to a strong wave of downside pressure

FX Street

Published date: 21 Apr. 2020 | 18:17

Bitcoin Cash price is trading in the green, with gains of 0.45% in the second half of the session.
BCH/USD price action is at risk of another drop given bear flag breakout and retest.
The next major of support should be noted at the psychological $200 mark.

BCH/USD daily chart

The price is running at two consecutive sessions in the red, after a flag rejection.

BCH/USD 60-minute chart

The price is moving within a tight range, subject to a bearish pennant breakout.

Spot rate: 220.72

Relative change: +0.45%

High: 223.78

Low: 215.76

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