Bitcoin Cash Price Analysis: BCH/USD Remains Buy on Dips

Key PointsBitcoin cash price climbed higher recently and broke the $550 resistance against the US Dollar.
There is a major bullish trend line formed with support at $522 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair could correct further lower, but it is likely to find bids near $520 in the near term.Bitcoin cash price rallied recently above $500 against the US Dollar. BCH/USD is now in an uptrend and dips remain supported on the downside.
Bitcoin Cash Price Analysis