Ken Chigbo
Independent Analyst
- Bitcoin Cash price is trading in the red, with losses of 1.05% in the second half of the session.
- BCH/USD price action over the last seven sessions has been narrowing, range subject to a breakout.
- The above-noted range is to a high of $360 down to a low of $330.
BCH/USD daily chart
A potential bullish pennant via the daily chart view has formed, given the current price narrowing.
BCH/USD 60-minute chart
Near-term price action is moving within a range-block formation, as BCH further narrows.
Spot rate: 338.81
Relative change: -1.20%
High: 347.01
Low: 335.50
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