Bitcoin Cash Forecast and Analysis BCH/USD March 12, 2020


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BCH/USD are trading at 256.29 and continue to move as part of the fall and the downward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 709 526 413. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices have gone down from the area between the signal lines, indicating pressure from sellers. As part of the cryptocurrency rate forecast for March 12, 2020, one should expect an attempt to develop the growth of the asset value and test the resistance level near the area of ​​290.05. Where again we should expect a rebound and continued decline in the rate of the digital asset Bitcoin Cash with a potential target above the level of 195.05.

Bitcoin Cash Forecast and Analysis BCH/USD March 12, 2020

An additional signal in favor of falling quotes 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 falling BCH/USD quotes will be a rebound from the upper border of the downward channel. Cancellation of the option to drop the Bitcoin Cash cryptocurrency exchange rate on March 12, 2020 will be a strong growth and a breakdown of the area of ​​330.05. This will indicate a breakdown of the resistance area and continued growth of the cryptocurrency rate with a potential target above the area of ​​385.05. With the breakdown of the support area and closing of quotes below 235.05, we should expect confirmation of the development of a downward trend in Bitcoin Cash.

Bitcoin Cash Forecast and Analysis BCH/USD March 12, 2020

Bitcoin Cash Forecast and Analysis BCH/USD March 12, 2020 involves an attempt to test the resistance area near the level of 290.05. Where can we expect a rebound and the continuation of the fall of BCH/USD to the area below the level of 195.05. An additional signal in favor of reducing the digital asset of Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the area of ​​330.05. This will indicate a continued rise in the cryptocurrency with a potential target above the level of 385.05.


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