Bitcoin Cash Price Analysis: BCH/USD Jaw Dropped Below $1,000

Key PointsBitcoin cash price declined sharply and moved below the $1,000 support against the US Dollar.
Yesterday’s highlighted major bearish trend line with current resistance at $1,080 is intact on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is currently correcting higher towards the $1,050 and $1,080 resistance levels in the near term.Bitcoin cash price failed to recover and declined below $1,000 against the US Dollar. BCH/USD may correct higher, but upsides a