Bitcoin Cash Analysis: Bears Active Below $135

Bitcoin cash price started a fresh decline from the $135 zone against the US Dollar. The price is now trading above the $125 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $128 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 $128 and $125 support levels. Bitcoin cash price is declining from the $135 zone against the US Dollar, unlike bitcoin. BCH/USD could decline heavily if there is a move below $125. Bitcoin Cash Price