Key PointsBitcoin cash price is struggling to move above the $2600 and $2700 resistance levels against the US Dollar. There is a crucial bearish trend line forming with resistance at $2600 on the 4-hours chart of BCH/USD (data feed from Kraken). The pair has to move above the $2600 and $2700 levels to gain traction in the near term. Bitcoin cash price is finding bids above the $2200 level against the US Dollar. BCH/USD must close above $2700 to move back in the bullish zone. Bitcoin Cash Price Upside HurdleAfter a sharp downside move toward $2000, bitcoin cash price found support against the US Dollar. The price started a recovery and managed to settle above $2200. There were a couple of upside attempts, but it struggled to move above $2800 and then at $2700. It seems like there is a crucial bearish trend line forming with resistance at $2600 on the 4-hours chart of BCH/USD. The mentioned trend line is acting as a major upside hurdle and prevented gains above $2700. The trend line at $2600-2700 is also around the 100 simple moving average on the same chart. Therefore, a break above $2700 and the 100 SMA won’t be easy. The pair is currently above the 50% Fib retracement level of the last drop from the $2880 high to $2281 low. However, it has to move above $2700 and the 61.8% Fib retracement level of the last drop from the $2880 high to $2281 low to gain upside momentum. Once there is a close above the $2700 resistance and the 100 SMA, the price could accelerate toward $3000 and then $3200. On the downside, the $2200 and $2000 levels are important supports. Looking at the technical indicators:4-hours MACD – The MACD for BCH/USD is mostly flat and is showing signs of a range.4-hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently above the 50 level. Major Support Level – $2200Major Resistance Level – $2700 Charts courtesy – Trading View, Kraken Bitcoin Cash Price Weekly Analysis – Can BCH/USD Break This? was last modified: April 1st, 2018 by Aayush Jindal