Bitcoin Cash Price Analysis: BCH/USD Consolidating Below $200

Key PointsBitcoin cash price remained below the $200 resistance and corrected lower against the US Dollar.
There is a major bearish trend line formed with resistance near $193 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair could consolidate in the short term below $195 and $200 before the next move.Bitcoin cash price remained in a range below the $200 resistance against the US Dollar. BCH/USD must climb above $190 and $200 to climb further higher in the near term.
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