Bitcoin Cash Price Analysis: BCH/USD Nosedived Below $475

Key Points Bitcoin cash price failed to bounce back and broke the $500 support against the US Dollar. There was a break below a declining channel with support at $495 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair declined sharply and broke the $475 and $460 support levels. Bitcoin cash price nosedived below key supports against the US Dollar. BCH/USD is currently under pressure as it turned sell on rallies near $470-475. Bitcoin Cash Price Analysis Yesterday, we saw how bitcoin cash price failed…