Bitcoin Cash has entered a bear market after experiencing a significant increase in June. The coin's value has dropped by 22% from its highest point in June due to profit-taking. This decline is also linked to Bitcoin's struggle to move above the bullish flag pattern.

The BCH price has retreated in the past few days due to the coin moving to the extreme greed zone and forming the three black crows pattern. Investors should be aware that their capital is at risk when investing in cryptoassets.