- Bitcoin Cash price on Tuesday is trading in negative territory by 0.50%.
- BCH/USD price action has done little over the past two weeks, narrowing.
- Price action like many of its peers has formed a bearish pennant structure.
Spot rate: 309.12
Relative change: -0.50%
BCH/USD daily chart
- The price is moving within a narrowing pennant formation via the daily. It appears to be the calm before the storm, given the two weeks of range-bound trading.
BCH/USD 60-minute chart
- Near-term price action is being supported to the upside by an ascending trend line.