Bitcoin Cash ends the trading week at 256.89 and continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices are again pushing the area between the signal lines, which indicates pressure from buyers of the coin and potential continued growth. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to fall in the value of a digital asset and a test of the support area near the level of 240.05. From where a rebound is expected again and an attempt to grow the Bitcoin Cash cryptocurrency with a potential target above the level of 450.05.
Bitcoin Cash Forecast and Analysis December 21 — 25, 2020
An additional signal in favor of raising the BCH/USD quotes in the current trading week of December 21 — 25, 2020 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound on the lower border of the ascending channel. Cancellation of the growth option for Bitcoin Cash cryptocurrency in the next trading week will be a decline and a breakdown of the 185.05 area. This will indicate a breakdown of the support area and a continued fall in BCH/USD quotes with a target below 125.05. Confirmation of the rise in the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the level of 345.05, which will indicate a breakdown of the upper border of the ascending channel.
Bitcoin Cash Forecast and Analysis December 21 — 25, 2020 suggests an attempt to test the support area near 240.05. Then continued growth to the area above the level of 450.05. An additional signal in favor of a rise in 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 185.05 area. This will indicate a continued decline in cryptocurrency with a target below 125.05.
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