Bitcoin Cash Analysis: Recovery Could Fade Near $102

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Bitcoin cash price started a fresh decline from the $112 zone against the US Dollar. The price is now trading below the $105 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $103 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $98 and $95 support levels. Bitcoin cash price is declining from the $112 zone against the US Dollar, similar to bitcoin. BCH/USD could decline heavily if there is a move below $95. Bitcoin Cash
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Author: NixCoin

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