Bitcoin Cash Price Analysis: BCH/USD Turned Sell on Rallies

Key PointsBitcoin cash price failed to clear the $650 resistance and dropped sharply against the US Dollar.
There is a key bearish trend line forming with resistance at $525 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is down more than $100 from highs and it turned sell on rallies near $525 and $550.Bitcoin cash price dropped significantly below $550 against the US Dollar. BCH/USD is recovering, but it could face a lot of sellers near $525 and $550.
Bitcoin Cash Pri