Bitcoin Cash Price Weekly Analysis: BCH/USD Reaching Crucial Juncture

Key PointsBitcoin cash price failed to gain momentum above the $540 level and declined against the US Dollar.
There is a major bearish trend line formed with resistance near $535 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
The pair must stay above the $500 and $510 support levels to avoid a downside break in the near term.Bitcoin cash price is showing a few bearish signs below $540 against the US Dollar. BCH/USD could make the next break either above $540 or below $500.
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