Bitcoin Cash Price Weekly Analysis: BCH/USD Bearish Below $730

Key PointsBitcoin cash price declined and broke the $730 and $705 support levels against the US Dollar.
There is a major bearish trend line formed with resistance at $710 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
The pair has to move above $710 and $730 to start a decent recovery in the near term.Bitcoin cash price is under pressure below the $730 pivot level against the US Dollar. BCH/USD may perhaps recover, but upsides could be capped.
Bitcoin Cash Price Resistance
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