Bitcoin Cash Price Weekly Analysis: BCH/USD Could Decline to $440

Key PointsBitcoin cash price is under a lot of pressure as it broke the $500 support against the US Dollar.
There was a break below a major bullish trend line with support at $540 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
The pair is now trading below the $500 support and it could trade towards the $440 level.Bitcoin cash price declined heavily recently against the US Dollar. BCH/USD may continue to move down towards the $440 and $420 levels in the near term.
Bitcoin Cash