Ken Chigbo
Independent Analyst
- Bitcoin Cash price late in the session on Friday is nursing steep losses of some 3%, as the bears maintain control.
- BCH/USD is running towards its fourth consecutive session in the red, dropping as much as 20% within the period.
- The bulls failed to capitalize on a bullish pennant pattern structure seen via the daily.
Spot rate: 256.05
Relative change: +3.03%
High: 270.62
Low: 250.11
BCH/USD 60-minute chart
- Price action via the 60-minute has broken out to the downside from a bearish pennant pattern.
BCH/USD daily chart
- Price is running at its fourth consecutive session in negative territory, as the bears maintain control. The bullish pennant structure was not capitalized on by the bulls.
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