- Bitcoin Cash price is trading in the red, with losses of 2.85% in the second half of the session.
- BCH/USD broken below daily support at the $325 level, making way for further pressure south.
- In terms of area of support, eyes on $300, $280 and then $250.
BCH/USD daily chart
A big test from the bears was seen on the $300 price mark, however, the bulls did manage to defend it for now.
BCH/USD 60-minute chart
The bulls managed to escape from a near-term descending channels structure.
Spot rate: 321.18
Relative change: -2.80%
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