Bitcoin Cash BCH/USD are traded at 167 and continue to move in the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $2 984 304 880. Moving averages indicate the presence of an upward trend in Bitcoin Cash. At the moment, we should expect an attempt to reduce and test the support level near the area of 160. Where again we should expect a rebound and continued growth of the Bitcoin Cash rate with the goal above the level of 185.
Bitcoin Cash Forecast and Analysis BCH/USD April 2, 2019
In favor of lifting the BCH/USD quotes, a test of the rising trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth rate option Bitcoin Cash will be a fall and a breakdown of area 150. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of the cryptocurrency rate with a target below 125. With the breakdown of the upper limit of the channel and closing of quotes above 175, we should expect confirmation of the development of the upward trend on Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD April 2, 2019 suggests an attempt to test the support area near the level of 160. Where should we expect a rebound and continued growth of BCH/USD to the area above the level of 185. An additional signal in favor of raising Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area of 150. This will indicate a continued decline in cryptocurrency with a potential goal below the level of 125.