Bitcoin Cash Price Technical Analysis – BCH/USD in Trouble

Key PointsBitcoin cash price failed to stay above the $2400 support area and moved down against the US Dollar.
There is a major bearish trend line forming with resistance at $2400 on the hourly chart of BCH/USD (data feed from Kraken).
The pair is likely to continue its decline towards $2100 since it is now well below the 100 hourly simple moving average.Bitcoin cash price is moving lower sharply from $2550 against the US Dollar. BCH/USD could extend declines and may even test the $2100 level.
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