Ken Chigbo
Independent Analyst
- Bitcoin price on Monday is holding big gains of around 3% in the latter part of the session.
- BCH/USD bulls are struggling to break back above a breached trend line of prior support.
- Price action over the five sessions has been moving within a very narrowing range-block formation.
Spot rate: 392.29
Relative change: +2.90%
High: 400.69
Low: 373.78
BCH/USD 60-minute chart
- 60-minute range formation can be seen containing price action, capping further upside potential.
BCH/USD daily chart
- Price action via the daily chart view is stuck moving within consolidation mode, moving within a narrowing range-block.
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