Key Points

Bitcoin cash price started a major downside correction from the $635 swing high against the US Dollar.
There is a key bearish trend line in place with resistance at $550 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
The pair is currently trading in a bearish zone with an immediate support near the $530 level.

Bitcoin cash price is under pressure below $550 against the US Dollar. BCH/USD could continue to move down towards the $500 or $480 level.
Bitcoin Cash Price Analysis
This past week, there was a decent

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