Bitcoin Cash Price Technical Analysis – BCH/USD Breaks $1,000

Key PointsBitcoin cash price declined further and it broke the $1,000 support against the US Dollar.
There are two bearish trend lines forming with resistance near $1,040 and $1,080 on the hourly chart of BCH/USD (data feed from SimpleFX).
The pair may continue to move down towards the $950 and $920 levels in the near term.Bitcoin cash price remains in a major downtrend against the US Dollar. BCH/USD remains at a risk of more losses towards the $950 and $920 levels.
Bitcoin Cash Price Resistance