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

Key PointsBitcoin cash price extended its downside move and traded below the $1,350 support against the US Dollar.
Yesterday’s highlighted crucial bullish trend line with support near $1,355 was breached on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is now consolidating losses above the $1,240 level and it remains at a risk of more declines.Bitcoin cash price moved down further below $1,300 against the US Dollar. BCH/USD broke a key support and it may now extend