Bitcoin Cash Price Analysis: BCH/USD Could Extend Losses Below $150

Key PointsBitcoin cash price broke the $170 and $165 support levels plus extended losses against the US Dollar.
There is a major bearish trend line formed with resistance near $168 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is currently under a lot of pressure and it could decline further below $150.Bitcoin cash price faced an increased selling pressure below $175 against the US Dollar. BCH/USD could even break the $150 support level and trade towards $130.
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