- Bitcoin Cash (BCH) was trading firmly in the red on Thursday, down some 12.5% in the latter stages of the session.
- BCH/USD price action since bouncing from the session lows, has formed a bearish pennant pattern.
BCH/USD 60-minute chart
Spot rate: 449.5
Relative change: -12.55%
Support 1: 448.3, support on 60-minute chart.
Support 2: 440.2, demand zone.
Support 3: 425.2, 25 September low.
Resistance 1: 454.4. upper part of pennant pattern.
Resistance 2: 460.0, resistance on 60-minute chart.
Resistance 3: 470.5, supply area.
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