Bitcoin Cash Price Technical Analysis – BCH/USD Crashes Below $1500

Key PointsBitcoin cash price came under a lot of pressure and traded below the $1500 support against the US Dollar.
There is a new bearish trend line forming with current resistance at $1580 on the hourly chart of BCH/USD (data feed from SimpleFX).
The pair is currently correcting higher, but it is likely to face sellers near $1480 and $1500.Bitcoin cash price declined sharply below $1500 against the US Dollar. BCH/USD is under a lot of pressure and it could even break the $1400 support.
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