Bitcoin Cash Price Analysis: BCH/USD Bearish Below $1,150

Key PointsBitcoin cash price declined further and broke a major support at $1,150 against the US Dollar.
There is a major bearish trend line forming with resistance at $1,160 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair may perhaps continue to move down and it could even break the $1,100 support level.Bitcoin cash price is accelerating declines below $1,200 against the US Dollar. BCH/USD is now well below $1,150 and eyes a downside break below $1,100.
Bitcoin Cash Pr