Bitcoin Cash Price Analysis: BCH/USD Facing Uphill Task

Key PointsBitcoin cash price found support near the $1,220 level and recovered slightly against the US Dollar.
There is a short-term bearish trend line forming with resistance at $1,340 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is facing many hurdles on the upside near $1,340 and $1,350 resistance levels.Bitcoin cash price is slowly recovering from $1,220 against the US Dollar. BCH/USD may correct in the short term, but gains above $1,350 won’t be easy.
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