Bitcoin Cash Price Weekly Analysis – BCH/USD Struggling Above $1500

Key Points
Bitcoin cash price is following a decreasing slope and is facing sellers near $1480-1500 against the US Dollar.
There are two major bearish trend lines forming with resistance at $1410 and $1440 on the 4-hours chart of BCH/USD (data feed from Kraken).
The pair is currently moving down and is approaching the $1150-1100 support area.
Bitcoin cash price is struggling to gain traction above $1500 against the US Dollar. BCH/USD has to stay above $1100 to avoid any further declines.
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