Bitcoin Cash Price Weekly Analysis – BCH/USD in Downtrend

Key PointsBitcoin cash price remains in a downtrend and is currently below $1,000 against the US Dollar.
There is a major bearish trend line forming with resistance at $1,080 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX).
The pair is under bearish pressure and it may continue to move down towards $850-900 in the near term.Bitcoin cash price is in a bearish trend below $1,000 against the US Dollar. BCH/USD may find it hard to recover in the near term as long as it is below $1