Bitcoin Cash Price Technical Analysis – BCH/USD Breaks $1,200

Key PointsBitcoin cash price did not correct higher and declined below the $1,200 support against the US Dollar.
There are two bearish trend lines forming with resistance at $1,250 and $1,280 on the hourly chart of BCH/USD (data feed from SimpleFX).
The pair may decline more in the near term and it could even break the $1,100 support level.Bitcoin cash price declined further below $1,200 against the US Dollar. BCH/USD looks set to extend the current decline towards or below $1,100.
Bitcoin Cash