Bitcoin Cash Price Analysis: Upsides Capped Near $130

Bitcoin cash price started a fresh decline from the $140 zone against the US Dollar. The price is now trading below the $130 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $129 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could correct higher, but upsides might be limited above the $130 level. Bitcoin cash price is declining from the $140 zone against the US Dollar, similar to bitcoin. BCH/USD could decline heavily if there is a move below $120. Bitcoin Cash Price Analysis