Bitcoin Cash Price Technical Analysis – BCH/USD Breaks $1500; Eyes $1800

Key Points
Bitcoin cash price climbed higher and was able to move above the $1500 resistance against the US Dollar.
There is a new connecting bullish trend line forming with support at $1600 on the hourly chart of BCH/USD (data feed from Kraken).
The price is currently well supported on the downside near $1600 and $1500.
Bitcoin cash price managed to pop higher above $1500 against the US Dollar. BCH/USD is currently correcting lower, but remains supported.
Bitcoin Cash Price Trend
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