RATE Group | BCH/USD bears are back in the driver’s seat
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BCH/USD bears are back in the driver’s seat

07 Nov BCH/USD bears are back in the driver’s seat

Posted at 19:46h in Bitcoin News by

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  • Bitcoin Cash price is trading in the red, with losses of 5.00% in the second half of the session.
  • BCH/USD fresh selling pressure has price breaks down $300 mark.
  • Price action moving within another near-term bearish pennant structure.

 

BCH/USD daily chart

Critical demand zone should be noted at a range of $295 down to $270.

BCH/USD 60-minute chart

Near-term is subject to further potential downside pressure, as price moves within pennant pattern. 

 

Spot rate:                 290.35

Relative change:      -5.00%

High:                         306.32

Low:                          286.01

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