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Bitcoin Cash technical analysis: BCH/USD vulnerabilities remain tilted to the downside w…

08 Oct Bitcoin Cash technical analysis: BCH/USD vulnerabilities remain tilted to the downside w…

Posted at 15:58h in Bitcoin News by

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  • Bitcoin Cash price is trading in the red, up with losses of 1.25% the session on Tuesday.
  • BCH/USD bulls failed to sustain upside momentum, as price sucks back within the bearish flag structure. 
  • Rallies continue to be unsustainable, as bears sweep in to sell them. 

 

BCH/USD daily chart

Price action remains vulnerable to downside risks within the bearish flag structure.

BCH/USD 60-minute chart

Bears regain control with the price subject to giving back Monday’s gains.

 

Spot rate:                  223.50

Relative change:      -1.25%

High:                         239.56

Low:                          229.27

 

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