Bitcoin Cash Analysis: Bears Aim Fresh Drop To $100

Bitcoin cash price started a fresh decline below the $120 zone against the US Dollar. The price is now trading below the $120 zone and the 55 simple moving average (4 hours). There is a short-term rising channel forming with support at $112.80 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $118 resistance zone. Bitcoin cash price is declining below the $120 zone against the US Dollar, similar to Bitcoin. BCH/USD could extend losses if there is a close below $110. Bitcoin Cash Price