Bitcoin Cash Price Weekly Analysis: BCH/USD Bearish Below $73016.1

Bitcoin cash price is under pressure below the $730 pivot level against the US Dollar. BCH/USD may perhaps recover, but upsides could be capped.

There was a crucial failure above the $750 level in bitcoin cash price against the US Dollar. The BCH/USD pair started a downside move and broke the $735 and $705 support levels. BCH even traded below the $700 level and formed a new monthly low at $684. It is currently trading well below the $730 pivot level and the 100 simple moving average (4-hours), which is a bearish sign.

Original source
https://www.newsbtc.com/2018/08/05/bitcoin-cash-price-weekly-analysis-bch-usd-bearish-below-730/

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