Ken Chigbo
Independent Analyst
- Bitcoin Cash price is holding minor gains late on Friday of some 1% in the session.
- BCH/USD bulls trying to defend the $300 price territory, given the downside pressures.
- A big area of demand can be seen running from $350 down the the psychological $300 level.
Spot rate: 349.78
Relative change: +2.14%
High: 361.51
Low: 336.48
BCH/USD 60-minute chart
- Near-term price action has formed bearish flag structure, via the 60-minute.
BCH/USD daily chart
- Critical demand zone should be noted from $350-300, where buyers are preventing price from free-falling.
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