Bitcoin cash price made a few attempts to gain strength above $250 and $255. However, BCH failed to gain pace and started a fresh decline below the $225 level. There was a move below the $200 level and the 55 simple moving average (4-hours). The price even traded below the $180 support and formed a low near $150. It is now correcting losses above the $160 level. There was a move above the 50% Fib retracement level of the recent decline from the $250 swing high to $150 low. On the upside, the price is now facing resistance near the $225 level. There is also a major bearish trend line forming with resistance near $225 ... (full story)