Bitcoin Cash Price Technical Analysis – BCH/USD is Back to Square One

Key PointsBitcoin cash price failed to move above the $1,300 level and started a downside move against the US Dollar.
There is a crucial bearish trend line forming with resistance at $1,220 on the hourly chart of BCH/USD (data feed from SimpleFX).
The pair is currently heading towards the $1,050 support area and it remains at a risk of more declines.Bitcoin cash price faced a lot of sellers against the US Dollar. BCH/USD is back in a bearish zone and it could soon retest the $1,000 level.
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