Bitcoin Cash technical analysis: BCH/USD bears force critical flag breakout
|- Bitcoin Cash price is trading in the red, with losses of 0.80% in the second half of the session.
- BCH/USD bears have forced a daily breakout of a bearish flag structure.
- The critical daily support is eyed at $200, a breach could be damaging.
BCH/USD daily chart
The bears have made a step towards a breakout of a narrowing range, allowing room for further downside pressure.
BCH/USD 60-minute chart
Near-term price action is consolidating, a high up at $209 with support at $204, $5 range, ahead of next committed move.
Spot rate: 205.48
Relative change: -0.80%
High: 208.15
Low: 204.02
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