Bitcoin Cash Price Analysis: BCH/USD Extends Its Decline

Key Points Bitcoin cash price failed to move above the $1,350 resistance and declined sharply against the US Dollar. There is a major bearish trend line formed with resistance at $1,250 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently correcting higher, but it may face many barriers on the upside near $1,240-50.

Bitcoin cash price is under pressure below $1,300 against the US Dollar. BCH/USD is likely to extend declines further if it fails to move...

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