Bitcoin Cash Price Analysis: BCH/USD Nosedived Below $475

Key PointsBitcoin cash price failed to bounce back and broke the $500 support against the US Dollar.
There was a break below a declining channel with support at $495 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair declined sharply and broke the $475 and $460 support levels.Bitcoin cash price nosedived below key supports against the US Dollar. BCH/USD is currently under pressure as it turned sell on rallies near $470-475.
Bitcoin Cash Price Analysis
Yesterday, we saw how