Bitcoin Cash Price Technical Analysis – BCH/USD Crashes Below $700

Key PointsBitcoin cash price struggled to move higher and declined sharply below the $700 level against the US Dollar.
There are two key bearish trend lines forming with resistances near $750 and $850 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair may continue to struggle, and it could even trade towards $600 in the near term.Bitcoin cash price faced a lot of heat and declined sharply against the US Dollar. BCH/USD even traded below he $700 level and it remains at a ri