Bitcoin Cash Price Technical Analysis – BCH/USD Crushed Below $1,200

Key PointsBitcoin cash price continued to decline and it moved below the $1,200 support against the US Dollar.
There are two bearish trend lines forming with resistance at $1,360 and $1,440 on the hourly chart of BCH/USD (data feed from SimpleFX).
The pair is currently under a lot of pressure and it could even trade toward $1,000 in the near term.Bitcoin cash price declined heavily by more than $200 against the US Dollar. BCH/USD is now in a bearish zone and is eying further declines.
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