Bitcoin Cash Price Weekly Analysis – BCH/USD Reached Major Resistance

Key Points
Bitcoin cash price made a nice upside move above $1200 against the US Dollar.
There is a major connecting resistance trend line forming with barrier at $1720 on the 4-hours chart of BCH/USD (data feed from Kraken).
On the downside, there is a key support forming near $1250 and the 100 simple moving average (4-hour).
Bitcoin cash price is climbing higher above $1500 against the US Dollar. BCH/USD is currently facing an important resistance near $1720-1750.
Bitcoin Cash Price Resistance