Ken Chigbo
Independent Analyst
- Bitcoin Cash price on Thursday in the second half of the session is nursing losses of some 2%.
- BCH/USD like many of its peers' price action remains intact of a bullish pennant structure.
- The next major barrier to the upside is seen between $425-50 range.
Spot rate: 408.88
Relative change: -2.10%
High: 418.00
Low: 404.68
BCH/USD 60-minute chart
- Near-term ascending trend line via the 60-minute is providing necessary cushion for the bulls.
BCH/USD daily chart
- Bullish pennant continues to contain the price at present, still subject to a breakout north.
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