Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in the red, with losses of 0.70% in the second half of the session.
- BCH/USD price action continues to move within a potential bullish pennant.
- The range remains narrow; boundary to the upside at $390, to the downside $360.
BCH/USD daily chart
The daily price action has been tight for going on seven sessions now, as the price consolidates.
BCH/USD 60-minute chart
A range block formation is observed via the 60-minute chart view, awaiting the next committed move potentially from the bulls.
Spot rate: 379.67
Relative change: -0.65%
High: 384.54
Low: 372.34
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