- Bitcoin Cash price nursing chunky losses of some 5.7% into the second half of Thursday’s session.Â
- BCH/USD testing a critical area of support, seen just below $415, this has provided support in September and October.Â
- A breach by the bears at the above-mentioned area, could see a free-fall to $300.Â
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BCH/USD daily chartÂ
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Spot rate:Â Â Â Â Â Â Â Â Â 426.9
Relative change:Â Â Â -5.70%
High:Â Â Â Â Â Â Â Â Â Â Â Â Â 464.5
Low:Â Â Â Â Â Â Â Â Â Â Â Â Â 420.0
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Trend:Â Â Â Â Â Â Â Â Â Â Â Â Bearish
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Support 1:Â Â Â Â Â Â Â Â Â 414.2, critical daily support.
Support 2:         400.0, psychological level.
Support 3:         345.7, daily pivot point support.
Resistance 1:      494.2, 50DMA.
Resistance 2:      517.8, daily pivot point resistance.Â
Resistance 3:      586.0, daily pivot point resistance.Â
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BCH/USD 60-minute chart
- Price action moving within a rising wedge pattern, as seen on a 60-minute chart view.