Bitcoin Cash Price Analysis: BCH/USD’s Failed Upside Attempt Near $530

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Bitcoin Cash Price Analysis: BCH/USD’s Failed Upside Attempt Near $530

Key Points

  • Bitcoin cash price failed to break the $530 resistance and declined against the US Dollar.
  • Yesterday’s highlighted ascending channel was breached with support at $521 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is currently below the $520 support and it could decline further in the near term.

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