20-06-2018 06:08 via newsbtc.com

Bitcoin Cash Price Analysis: BCH/USD’s Failure Near $900

Key PointsBitcoin cash price failed to move above the $900 resistance zone and declined against the US Dollar.
There is a short-term connecting bullish trend line formed with support at $865 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair must stay above $860 and the 100 hourly simple moving average to avoid more losses.Bitcoin cash price failed to surpass a major hurdle near $900 against the US Dollar. BCH/USD declined and is currently testing the 100 hourly SMA.
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