BCH/USD quotes are trading at 378.43 and continue to move within the growth and bullish channel. The capitalization of the Bitcoin Cash cryptocurrency at the time of the publication of the forecast is $7,269,813,273. Moving averages indicate a short-term bullish trend for Bitcoin Cash. However, prices have broken through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continuation of the rise from current levels. As part of the cryptocurrency rate forecast for March 30, 2022, we should expect an attempt to develop a correction in the value of the asset and a test of the support level near the 360.55 area. Where can we expect a rebound and continued growth in the rate of the digital asset Bitcoin Cash again with a potential target above the level of 465.05.
Bitcoin Cash cryptocurrency Forecast for March 30, 2022
An additional signal in favor of the growth of BCH/USD digital asset quotes is a test of the trend line on the relative strength index (RSI). The second signal in favor of the rise in BCH/USD quotes will be a rebound from the lower border of the bullish channel. Cancellation of the growth option for the Bitcoin Cash cryptocurrency on March 30, 2022 will be a fall and a breakdown of the 335.05 area. This will indicate a breakdown of the support area and a continued fall in the cryptocurrency rate with a potential target below the 255.05 area. With the breakdown of the resistance area and the closing of quotes above the level of 410.55, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash cryptocurrency Forecast for March 30, 2022 suggests an attempt to test the support area near the level of 360.55. Where should we expect a rebound and continued growth of BCH/USD to the area above the level of 465.05. An additional signal in favor of the rise of the digital asset Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the area of 335.05. This will indicate a continued decline in the cryptocurrency with a potential target below the level of 255.05.
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