Bitcoin Cash Price Technical Analysis – BCH/USD Declines Sharply

Key PointsBitcoin cash price extended declines and moved below the $1,100 support against the US Dollar.
There is a new connecting bearish trend line forming with resistance at $1.110 on the hourly chart of BCH/USD (data feed from SimpleFX).
The pair is likely to extend declines and it could even break the $1,000 level in the near term.Bitcoin cash price is in trouble as it broke $1,100 against the US Dollar. BCH/USD remains in a downtrend and it could soon break the $1,000 level.
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