Bitcoin Cash Price Analysis: BCH/USD a wipe-out of 2020 gains possible
|- Bitcoin Cash price is trading in the red, with losses of 11.30% in the second half of the session.
- The psychological $300 mark, also support, is at risk of being tested to the downside by BCH/USD.
- The price is running towards its third consecutive session in the red.
BCH/USD daily chart
The price rally lost much upside momentum, after failing to breakdown the psychological $500 mark.
BCH/USD 60-minute chart
Price action near-term has smashed out of a bearish pennant structure, the retest is in play at the time of writing, subject to rejection.
Spot rate: 312.10
Relative change: -6.30%
High: 361.85
Low: 301.60
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