Bitcoin cash price analysis: BCH drops below $668 as bears take charge

TL;DR Breakdown The Bitcoin cash price analysis is showing a decline in BCH price.Price has dropped up to $668 level today.Resistance at $671.40 is yet to be overcome. The Bitcoin cash price analysis is indicating a downward trend, as the bears are regaining their strength again. The bearish momentum has resulted in a considerable decline in the coin value, and the price has decreased to $668 of value. This might prove to be a loss for the buyers, as the trends have reversed unexpectedly after a huge milestone was covered by the bulls in the past hours. BCH/USD 1-day price chart: Ongoing variations allow bulls to lead at present The 1-day BCH/USD analysis is showing that the bulls have regained strength momentarily, after dodging past several bearish retraces. The coin value has improved and the price has increased up to $668.18 in the last 24-hours. The moving average (MA) value in the 1-day price chart is standing at $644, while the Bollinger bands average is present at $643.71. The short-term trending line is moving upwards, and the SMA 20 curve is rising as well as a bullish sign. BCH/USD 1-day price chart. Source: TradingView The other Bollinger bands values are as such that the upper band is showing $706.14, while the lower band is showing $609.11 of values precisely. The Relative Strength Index (RSI) score is also rising because of the current bullish wave and has reached 57.53 as per Bitcoin Cash price analysis. Bitco...