BCH/USD are trading at 205.87 and continue to move as part of the growth. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $3 811 423 798. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices once again repulse from the area between the signal lines, indicating pressure from sellers. As part of the cryptocurrency rate forecast for January 1, 2020, one should expect an attempt to fall in the value of the asset and test the support level near the 190.05 area. Where again we should expect a rebound and continued growth of the Bitcoin Cash digital asset with a potential target above 265.05.
Bitcoin Cash Forecast and Analysis BCH/USD January 1, 2020
An additional signal in favor of the growth of quotes 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 upper border of the downward channel. The cancellation of the growth option for the Bitcoin Cash cryptocurrency rate on January 1, 2020 will be a fall and a breakdown of the 155.05 area. 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 110.05. With the breakdown of the resistance area and the closing of quotations above 215.05, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD January 1, 2020 suggests an attempt to test the support area near the level of 190.05. Where can we expect a rebound and continued growth of BCH/USD to the area above the level of 265.05. 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 155.05 area. This will indicate a continued decline in cryptocurrency with a potential target below 110.05.
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