Key PointsBitcoin cash price is slowly recovering and is currently trading above $640 against the US Dollar. There is a new connecting bullish trend line forming with support at $642 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair has to move above the $660 resistance to retest the $680 resistance in the near term. Bitcoin cash price is back in a positive zone above $640 against the US Dollar. BCH/USD is now above 100 hourly SMA and looks set to break the $660 resistance. Bitcoin Cash Price ResistanceYesterday, there was a sharp downside correction below $640 in bitcoin cash price against the US Dollar. The price traded as low as $625 where buyers appeared. There were two attempts to break $625, but the price succeeded in overcoming selling pressure. As a result, there was an upside move and the price moved above the $640 resistance and the 100 hourly simple moving average. Moreover, there was a break above the 38.2% Fib retracement level of the last decline from the $682 high to $625 low. At the moment, the price is placed nicely above the $640 support, but it is facing a major hurdle near $660. The mentioned $660 resistance is the 61.8% Fib retracement level of the last decline from the $682 high to $625 low. A break above the $660 resistance would open the doors for more gains in the near term. The next hurdle for buyers is near the $680 level. On the downside, an initial support is near $645 and the 100 hourly SMA. There is also a new connecting bullish trend line forming with support at $642 on the hourly chart of the BCH/USD pair. Looking at the technical indicators:Hourly MACD – The MACD for BCH/USD is now in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently near the 60 level. Major Support Level – $640Major Resistance Level – $660 Charts courtesy – Trading View Bitcoin Cash Price Technical Analysis – Can BCH/USD Break $660? was last modified: April 11th, 2018 by Aayush Jindal