Bitcoin Cash Analysis: Bulls Struggle Below $120

Bitcoin cash price started a fresh decline from the $117 zone against the US Dollar. The price is now trading below the $115 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $112.50 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $110 and $107 support levels. Bitcoin cash price is declining from the $117 zone against the US Dollar, similar to Bitcoin. BCH/USD could decline heavily if there is a move below $110. Bitcoin