Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in the red, with losses of 7% in the second half of the session.
- BCH/USD is on course for its best weekly performance since May 2019.
- The price is heading for a retest of a breached ascending trend line of former support.
BCH/USD weekly chart
The price is running at four consecutive weeks in the green, the best run north since May 2019.
BCH/USD daily chart
Bulls managed to smash through a descending trend line, which had capped price action since 7 July.
Spot rate: 333.25
Relative change: -4.50%
High: 361.75
Low: 266.99
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