Bitcoin Cash technical analysis: BCH/USD bulls are struggling to break down $500
|- Bitcoin Cash price on Monday in the second half of the session is nursing losses of 0.25%.
- BCH/USD bears have managed to regain control for now, after a decent push higher over the weekend.
- There is a chunky amount of supply seen heading into the psychological $500 price territory.
Spot rate: 472.77
Relative change: -0.25%
High: 476.84
Low: 458.96
BCH/USD 60-minute chart
- There is the prospect of further upside pressure, as price moves within a bullish penannt structure via the 60-minute chart view.
BCH/USD daily chart
- BCH/USD is having some difficulty breaking down the big $500 price mark, losing ground following the rejection.
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