Bitcoin Cash is facing increasing selling pressure due to the bearish sentiment currently in the industry. BCH/USD has declined below the $125 and $120 support levels. If the bears remain in action, the price could slide further towards the $100 level. On the upside, the main resistance is near the $124 or the 50% Fib retracement level of the key drop from the $136.18 swing high to the $111.66 low. To start a strong recovery, the buyers must gain strength above the $120 and $124 resistance levels. If the Bitcoin Cash price rises above these levels, a trend reversal could occur in the near term. Otherwise, it is likely to continue lower towards the $100 support zone.



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