Bitcoin Cash Price Analysis: BCH/USD Turns Bearish Below $420

Key PointsBitcoin cash price declined sharply and broke the $434-435 support area against the US Dollar.
There is a major bearish trend line in place with resistance at $435 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair was rejected near the trend line, igniting a sharp decline towards $400.Bitcoin cash price turned south and broke the $430 and $420 support against the US Dollar. BCH/USD could recover but it is likely to face sellers near $420-425.
Bitcoin Cash Price