Bitcoin Cash Price Technical Analysis – BCH/USD Facing Key Resistance

Key Points Bitcoin cash price traded above the $1,280 level, but it failed near $1,365 against the US Dollar. There is a short-term connecting bullish trend line forming with support at $1,280 on the hourly chart of BCH/USD (data feed from SimpleFX). On the upside, the pair has to break the $1,365-1,370 resistance to gain bullish momentum.

Bitcoin cash price is trading with a positive bias against the US Dollar. However, BCH/USD is finding it difficult to break an important resistance near...

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