Bitcoin Cash Forecast and Analysis February 10 — 14, 2020



Bitcoin Cash ends the trading week at 434.31 and continues to move as part of strong growth. Moving averages indicate a bullish trend, as we see, prices have only crossed. Prices have broken up the signal line area, indicating strong pressure from coin buyers. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to reduce the value of the digital asset and test the support area near the level of 355.05. Where again, a rebound and an attempt to grow Bitcoin Cash is expected with a potential target above the level of 655.05.

Bitcoin Cash Forecast and Analysis February 10 — 14, 2020

An additional signal in favor of the growth of BCH/USD quotes in the current trading week February 10 — 14, 2020 will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper boundary of the downward channel. The cancellation of the growth option of the Bitcoin Cash cryptocurrency will be a fall and a breakdown of the area of ​​315.05. This will indicate a breakdown of the support area and a continued decline in BCH/USD quotes. A confirmation of the growth of the cryptocurrency will be a breakdown of the resistance area and closing of quotations above the level of 475.05.

Bitcoin Cash Forecast and Analysis February 10 — 14, 2020

Bitcoin Cash Forecast and Analysis February 10 — 14, 2020 implies an attempt to test the support area near the level of 355.05. Then, continued growth to the area above the level of 655.05. An additional signal in favor of raising Bitcoin Cash will be a test of the broken trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the area of ​​315.05. This will indicate a continued decline in cryptocurrency with a target below the level of 175.05.


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