Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Key Support

Key PointsBitcoin cash price declined further and breached a key support at $2450 against the US Dollar.
Yesterday’s highlighted important bullish trend line with support at $2480 was broken on the hourly chart of BCH/USD (data feed from Kraken).
The pair might continue to decline since it is now below $2400 and the 100 hourly simple moving average.Bitcoin cash price moved below the $2450 support against the US Dollar. BCH/USD could decline further toward the $2300 and $2200 levels.
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