The price of Bitcoin Cash reversed sharply against the USD trading below the $540 level. The cryptocurrency failed to hold the gains it accumulated above $540 and declined lower breaking the significant bullish support at $530. The pair continued to decline until it tested the $510 and even $500 support level. This was were the buyers emerged to save the day. A top was formed around $575 and the price of Bitcoin Cash moved lower against the dollar. Currently, the cryptocurrency is holding the support at $500 but there is still the possibility of more losses.
