Bitcoin cash price started a fresh decline below the $120 zone against the US Dollar. The price is now trading below the $118 zone and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $116.00 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 $116 resistance zone. Bitcoin cash price is declining below the $118 zone against the US Dollar, similar to Bitcoin. BCH/USD could extend losses if there is a close below $112.
Bitcoin cash price started a fresh decline below the $125 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 major bearish trend line forming with resistance near $120 on the 4-hour chart of the…