- Bitcoin Cash price is trading in the red, down over 4.60% the session on Thursday.
- BCH/USD price action is moving within a large daily pennant pattern, subject to a breakout
- The price has also formed an ascending channel formation, which could be capitalized on by the bears.
Spot rate: 294.03
Relative change: -4.60%
BCH/USD daily chart
- Price action is moving within a large daily pennant pattern formation, expressing potential vulnerabilities to the downside.
BCH/USD 60-minute chart
- The price is moving within a bearish pennant formation, as the price consolidates from steep fall in the session.
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