BCH/USD are trading at 264.35 and continue to move as part of the growth and upward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 867 064 451. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices have gone up from the area between the signal lines, which indicates pressure from buyers. As part of the cryptocurrency rate forecast for April 8, 2020, one should expect an attempt to develop an asset value correction and a test of the support level near the 240.55 area. Where again we should expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 305.05.
Bitcoin Cash Forecast and Analysis BCH/USD April 9, 2020
An additional signal in favor of the growth of quotes of the digital asset BCH/USD is the test of the trend line on the relative strength index (RSI). The second signal in favor of raising BCH/USD quotes will be a rebound from the lower border of the rising channel. Cancellation of the option to grow the Bitcoin Cash cryptocurrency rate on April 9, 2020 will be a fall and a breakdown of the area of 225.05. This will indicate a breakdown of the support area and a continued decline in the cryptocurrency rate with a potential target below the area of 195.05. With the breakdown of the resistance area and the closing of quotations above the level of 295.05, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD April 9, 2020 suggests an attempt to test the support area near the level of 240.55. Where can we expect a rebound and continued growth of BCH/USD to the area above the level of 305.05. An additional signal in favor of raising 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 225.05. This will indicate a continued decline in cryptocurrency with a potential target below the level of 195.05.
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