Bitcoin Cash Price Weekly Analysis: BCH/USD Facing Tough Resistance37.25

Bitcoin cash price is slowly recovering above $700 against the US Dollar. BCH/USD has to move past the $800-810 barrier to remain in a bullish zone in the near term.

This past week, there were heavy losses in bitcoin cash price below the $1,000 level against the US Dollar. The BCH/USD pair declined and broke the $800 and $700 support levels. However, the $650 level acted as a decent support and prevented further declines. A low was formed at $651 and the price started an upward recovery. It gained pace and broke the 23.6% Fib retracement level of the last decline from the $931 high to $651 low.

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