Bitcoin Cash Analysis: Bulls Struggle Below $140

Bitcoin cash price started a fresh decline from the $155 zone against the US Dollar. The price is now trading near the $135 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $140 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 $136 and $132 support levels. Bitcoin cash price is declining from the $155 zone against the US Dollar, similar to bitcoin. BCH/USD could decline heavily if there is a move below $132. Bitcoin Cash