Bitcoin Cash Price Weekly Analysis: BCH/USD Could Extend Losses Below $520

Key PointsBitcoin cash price started a major downside correction from the $635 swing high against the US Dollar.
There is a key bearish trend line in place with resistance at $550 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
The pair is currently trading in a bearish zone with an immediate support near the $530 level.Bitcoin cash price is under pressure below $550 against the US Dollar. BCH/USD could continue to move down towards the $500 or $480 level.
Bitcoin Cash Price An