Ken Chigbo
Independent Analyst
- Bitcoin Cash price on Thursday took a hard hit, one of the biggest underperformers.
- BCH/USD heading back towards a big range retest, that the bulls breached earlier in the week.
- At the bears are in control for a potential big reversal, if the bulls fail to regain momentum.
Spot rate: 277.37
Relative change: -7.50%
High: 352.36
Low: 272.27
BCH/USD 60-minute chart
- The $260-250 price range is critical for support to be found, otherwise, the price could completely retrace this week's gains.
BCH/USD daily chart
- Bulls lost total control after explosive gains seen earlier in the week, at risk of full reversal.
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