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Bitcoin cash price is struggling a lot and it moved below the $900 and $850 levels against the US Dollar. There are two bearish trend lines forming with resistance at $920 and $1,080 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is about to break the recent low of $819 for a move towards or below $800.
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Bitcoin cash price held the $1,040 support and moved higher above $1,100 against the US Dollar. There was a break above a connecting bearish trend line with resistance at $1,080 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is now placed nicely above the $1,100 level and the 100 hourly simple moving average.
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