Bitcoin Cash Price Technical Analysis – BCH/USD Correcting Higher

Key PointsBitcoin cash price declined further and traded towards the $1,250 support against the US Dollar.
There is a new bearish trend line forming with resistance at $1,320 on the hourly chart of BCH/USD (data feed from SimpleFX).
The pair is currently correcting higher, but it could face sellers near the $1,320 and $1,350 levels.Bitcoin cash price faced an increased selling pressure against the US Dollar. BCH/USD declined towards $1,250 and it is currently correcting higher.
Bitcoin Cash Pric