Bitcoin Cash Price Analysis: BCH/USD despite stabilization dangers are still looming
|- Bitcoin Cash price is trading in the green, with gains of 4.50% in the second half of the session.
- BCH/USD has managed to stabilize for now at the range of $330 - $330.
- Should the above-noted support be breached, a strong wave of a downside would be eyed.
BCH/USD daily chart
The price really lost much upside momentum, after failing to breakdown the psychological $500 mark.
BCH/USD 60-minute chart
Near-term price action is moving within a bearish flag structure via the 60-minute chart view.
Spot rate: 331.20
Relative change: +5.50%
High: 335.35
Low: 307.29
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