Bitcoin Cash Price Technical Analysis – BCH/USD Could Decline Further

Key PointsBitcoin cash price is under a lot of pressure and is trading well below the $700 level against the US Dollar.
There is a major bearish trend line forming with current resistance at $660 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair has to move above $660 and $700 to start a fresh upward wave in the near term.Bitcoin cash price declined heavily and tested the $625 level against the US Dollar. BCH/USD remains at a risk of more losses as long as it is below $66