24-12-2017 07:30 via newsbtc.com

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

Key Points
Bitcoin cash price traded sharply lower and moved below the $2000 support against the US Dollar.
There is a major bearish trend line forming with current resistance at $3000 on the 4-hours chart of BCH/USD (data feed from Kraken).
The pair might continue to struggle to move above the $3000 level in the near term.
Bitcoin cash price is under pressure and is below $3000 against the US Dollar. BCH/USD may continue to face sellers on upside near $3000 and $3200.
Bitcoin Cash Price Resista
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