Bitcoin Cash Analysis: BCH Turned Sell On Rallies

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Bitcoin cash price broke the key $290 support level to move into a downtrend against the US Dollar. The price is currently trading in a bearish zone and it might struggle to correct above $290 and $300. There is a key bearish trend line forming with resistance near $304 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair could extend its decline towards the $250 support if it breaks the $270 support. Bitcoin cash price is now trading in a bearish zone below $290 against the US Dollar. An upside correction in BCH is likely to face sellers near $290 and $295. Bitcoin Cash Price Analysis In the past few days, bitcoin cash price struggled to break the $315 and $320 resistances against the US Dollar. As a result, the BCH/USD pair started a fresh decline and broke the $300 support level. Moreover, it broke…

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