Bitcoin Cash Price Technical Analysis – BCH/USD Struggling Below $1,220

Key PointsBitcoin cash price remains in a bearish zone below the $1,200-20 resistance area against the US Dollar.
There is a major bearish trend line forming with resistance at $1,220 on the hourly chart of BCH/USD (data feed from SimpleFX).
The pair must stay above the $1,100 support area to avoid further declines in the near term.Bitcoin cash price is struggling to move above the $1,220 resistance against the US Dollar. BCH/USD may even break the $1,100 support for further declines.
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