BCH/USD are trading at 464.67 and continue to move as part of growth and the rising channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $8 413 556 771. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices push away from the area between the signal lines, which indicates pressure from buyers and a potential upward rebound. As part of the cryptocurrency forecast for February 12, 2020, we should expect an attempt to develop a downward correction of the asset value and a test of the support level near the 425.55 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 575.05.
Bitcoin Cash Forecast and Analysis BCH/USD February 12, 2020
An additional signal in favor of the growth of quotations of the digital asset BCH/USD is the test of the upward trend line on the relative strength index (RSI). The second signal in favor of the growth of BCH/USD quotes will be a rebound from the lower border of the rising channel. Cancellation of the option to raise the cryptocurrency rate of Bitcoin Cash on February 12, 2020 will be a fall and a breakdown of the area of 395.05. 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 315.05. With the breakdown of the resistance area and the closing of quotations above the level of 475.05, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD February 12, 2020 involves an attempt to test the support area near the level of 425.55. Where can we expect a rebound and continued growth of BCH/USD to the area above the level of 575.05. 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 395.05. This will indicate a continued decline in cryptocurrency with a potential target below the level of 315.05.
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