- Bitcoin Cash price on Thursday is trading in negative territory down 1% in the latter part of the session.
- BCH/USD bulls making good progress towards breaking out of a bullish pennant pattern formation.
- Next major target for the bulls will be another attempt at the $400 price territory.
Spot rate: 307.611
Relative change: -1.10%
BCH/USD 60-minute chart
- Near-term price action is narrowing greatly within a range-block formation, increasing the likeliness of a near-term breakout.
BCH/USD daily chart
- Price action consolidating within a bullish pennant pattern formation, subject to a breakout higher.