Bitcoin Cash Price Analysis: BCH/USD Approaching Next Break

Key PointsBitcoin cash price failed to break the $195 and $198 resistance levels against the US Dollar.
There is a crucial contracting triangle forming with resistance near $198 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is likely to make the next move either above $198 or below $175 in the near term.Bitcoin cash price is struggling to clear the $200 hurdle against the US Dollar. BCH/USD is approaching the next break either above $198-200 or towards $165.
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