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

Key PointsBitcoin cash price failed to remain above $1,220 and declined against the US Dollar.
There is a key bearish trend line forming with resistance at $1,225 on the hourly chart of BCH/USD (data feed from SimpleFX).
The pair may continue to move down and it could trade below the $1,180 and $1,150 support levels.Bitcoin cash price faced an increased selling pressure below $1,250 against the US Dollar. BCH/USD declined below $1,220 and it remains at a risk of more losses.
Bitcoin Cash Price D