BCH/USD are trading at 409.23 and continue to move as part of the growth and the ascending channel. The capitalization of the Bitcoin Cash cryptocurrency at the time of the publication of the forecast is $ 7,623,281,321. Moving averages indicate a short-term bullish trend for Bitcoin Cash. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. As part of the cryptocurrency rate forecast for January 6, 2021, we should expect an attempt to develop a correction in the value of the asset and a test of the support level near the 385.05 area. Where can we expect a rebound again and continued growth in the rate of the Bitcoin Cash digital asset with a potential target above the level of 515.05.
Bitcoin Cash Forecast and Analysis BCH/USD January 6, 2021
An additional signal in favor of the growth of quotations of the digital asset BCH/USD is a test of the trend line on the relative strength index (RSI). The second signal in favor of raising the BCH/USD quotes will be a rebound from the lower border of the ascending channel. Cancellation of the growth option for the Bitcoin Cash cryptocurrency on January 6, 2021 will be a fall and a breakdown of the 345.05 area. This will indicate a breakdown of the support area and a continued fall in the cryptocurrency rate with a potential target below the 295.05 area. With the breakdown of the resistance area and closing of quotations above the level of 465.05, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD January 6, 2021 suggests an attempt to test the support area near 385.05. Where can we expect a rebound and continued growth in BCH/USD to the area above the level of 515.05. An additional signal in favor of a rise in the Bitcoin Cash digital asset 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 345.05 area. This will indicate a continued fall in the cryptocurrency with a potential target below the level of 295.05.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
