Bitcoin Cash Price Analysis: It’s Decision Time For BCH/USD

Key PointsBitcoin cash price is under a lot of pressure and it is still trading below $525 against the US Dollar.
There is a major bearish trend line in place with resistance at $526 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair has to close above the $530 level and the 100 hourly simple moving average to gain traction.Bitcoin cash price is slowly declining towards the $508 support against the US Dollar. BCH/USD must clear the $530 barrier for more gains in the near t