Bitcoin Cash Price Technical Analysis – BCH/USD Drops Below $850

Key PointsBitcoin cash price is struggling a lot and it moved below the $900 and $850 levels against the US Dollar.
There are two bearish trend lines forming with resistance at $920 and $1,080 on the hourly chart of BCH/USD (data feed from SimpleFX).
The pair is about to break the recent low of $819 for a move towards or below $800.Bitcoin cash price is under a lot of pressure below $850 against the US Dollar. BCH/USD is likely to extend declines below the $800 level in the near term.
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