Bitcoin Cash Price Weekly Analysis – BCH/USD Upsides Remain Capped

Key Points
Bitcoin cash price recovered well from the $835 swing low against the US Dollar to trade above $1000.
There is a major descending channel forming with resistance at $1225 on the 4-hours chart of BCH/USD (data feed from Kraken).
Upsides remain capped as long as the pair is below the $1250 resistance zone in the near term.
Bitcoin cash price is struggling to break $1250 against the US Dollar. BCH/USD might continue to struggle as long as there is no close above $1250-1300.
Bitcoin Cash