Bitcoin Cash Price Analysis: BCH/USD Holding Important Support

Key PointsBitcoin cash price corrected lower and tested the $950 support area against the US Dollar.
There is a new connecting bullish trend line forming with support at $965 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair has to stay above the $960 and $950 support levels to avoid a downside break in the near term.Bitcoin cash price is holding an important support around $950 against the US Dollar. BCH/USD has to move past the $1,040 resistance to gain further.
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