Bitcoin Cash Price Analysis: BCH/USD Crash Could Gain Pace Below $400

Key PointsBitcoin cash price crashed and declined more than $100 towards the $400 level against the US Dollar.
There is a major bearish trend line in place with resistance at $470 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is currently consolidating above the $400 level and it could correct a few points in the near term.Bitcoin cash price declined heavily below $450 against the US Dollar. BCH/USD tested the $400 support and it is currently consolidating losses.
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