Bitcoin Cash Forecast and Analysis BCH/USD January 29, 2020


BCH/USD are trading at 365.26 and continue to move as part of growth and the bullish channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $6 864 702 918. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices pierced the area between the signal lines up, which indicates strong pressure from buyers. As part of the cryptocurrency forecast for January 28, 2020, we should expect an attempt to develop a decrease in the value of the asset and a test of the support level near the area of ​​315.05. Where again we should expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 445.05.

Bitcoin Cash Forecast and Analysis BCH/USD January 29, 2020

An additional signal in favor of the growth of quotes of the digital asset BCH/USD is the test of the broken 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 Bitcoin Cash cryptocurrency rate on January 29, 2020 will be a fall and a breakdown of the area of ​​285.05. 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 ​​255.05. With the breakdown of the resistance area and the closing of quotations above the level of 405.05, we should expect confirmation of the development of an upward trend in Bitcoin Cash.

Bitcoin Cash Forecast and Analysis BCH/USD January 29, 2020

Bitcoin Cash Forecast and Analysis BCH/USD January 29, 2020 suggests an attempt to test the support area near the level of 315.05. Where can we expect a rebound and continued growth of BCH/USD to the area above the level of 445.05. 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 ​​285.05. This will indicate a continued decline in cryptocurrency with a potential target below the level of 255.05.


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