Bitcoin Cash has been trading inside the range of $1,000 on the downside and $1,150 on the upside for the past six days. The bulls failed to sustain above the $1,150 levels on March 11 and March 12, which shows a lack of buying at higher levels.
Today, the bears will try to breakdown of the $1,000 levels. If this support breaks, the BCH/USDpair might fall to the next lower support of $854.
Our bearish view will be invalidated if the cryptocurrency breaks out and sustains above $1,200 levels.