Bitcoin Cash Price Analysis: BCH/USD At Risk Of Break Below $500

Key PointsBitcoin cash price is struggling to recover above $530 and $540 against the US Dollar.
Yesterday’s highlighted key bearish trend line is intact with resistance at $515 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is currently at a risk of more losses below the $500 and $490 support levels.Bitcoin cash price is currently well below $530 against the US Dollar. BCH/USD might accelerate declines once there is a close below the $500 level.
Bitcoin Cash Pri