Bitcoin Cash Price Analysis: BCH/USD Extending Downside Correction

Key PointsBitcoin cash price declined further and broke the $470 and $460 support levels against the US Dollar.
Yesterday’s highlighted contracting triangle with support at $486 was breached on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is following a bearish path and it could continue to move down towards $450 and $440.Bitcoin cash price is under pressure below $480 against the US Dollar. BCH/USD could decline further towards the next major support at $440.
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