Bitcoin Cash technical analysis: BCH/USD the door open to more selling
|- Bitcoin Cash price is trading in the red, with losses of 3.30% the session on Thursday.
- BCH/USD bears have forced their way out of a bearish flag structure, leaving the door open to further selling pressure.
- The sellers are making a push for the big pychological $200 price mark.
BCH/USD daily chart
The bears are making a breakout to the downside from a bearish flag structure.
BCH/USD 60-minute chart
A range block breakout has been observed, allowing another wave of pressure south.
Spot rate: 238.74
Relative change: -3.05%
High: 226.21
Low: 214.05
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