Bitcoin cash price analysis: BCH engulfed in bearish trend at $657

TL;DR Breakdown Bitcoin cash price analysis reveals bearish trend engulfing the altcoin.Current support is found at $634 mark.Current resistance is found at $674 mark. The Bitcoin cash price analysis shows a Strong bearish momentum is on the go. Bears are defining the price curve and BCH/USD pair has lost a 15 percent value in the last 24 hours, while has still gained a 3.9 percent of value over the past week. The BCH is trading at $658 at the time of writing. The overall market trend is bearish since Bitcoin saw a flash crash today. Ethereum, Ripple, and Litecoin are also trading in bearish momentum. BCH/USD 1-day price chart: Bears devalue BCH The 1-day Bitcoin cash price analysis chart reveals that the bearish trend is engulfing the altcoin price value. The volatility has increased as the Bollinger bands upper value is at $758 and the lower value is at $587. The average of Bollinger bands is at the $672 mark above the price level showing a bearish crossover. The moving average (MA) is at the $695 mark also above the price level marking another bearish crossover. The relative strength index (RSI) is moving towards the centerline at a score of 49, providing some support to the buyers to form bullish momentum in the coming hours. BCH/USD 1-day price chart. Source: TradingView Bitcoin cash price analysis: BCH bulls struggle to preserve price at $673 The 4-hours Bitcoin cash price analysis shows that bulls are trying to d...