Bitcoin Cash technical analysis: BCH/USD bulls need to breakdown $425-50 range for greater upside pressure
|- Bitcoin Cash price on Thursday in the second half of the session is nursing losses of some 2%.
- BCH/USD like many of its peers' price action remains intact of a bullish pennant structure.
- The next major barrier to the upside is seen between $425-50 range.
Spot rate: 408.88
Relative change: -2.10%
High: 418.00
Low: 404.68
BCH/USD 60-minute chart
- Near-term ascending trend line via the 60-minute is providing necessary cushion for the bulls.
BCH/USD daily chart
- Bullish pennant continues to contain the price at present, still subject to a breakout north.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.