BCH/USD are trading at 262.19 and continue to move as part of the growth. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 813 623 177. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices are located far from the area between the signal lines, which indicates strong pressure from buyers. As part of the cryptocurrency forecast for January 14, 2020, one should expect an attempt to develop an asset value correction and a test of the support level near the 235.55 area. Where again we should expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 335.05.
Bitcoin Cash Forecast and Analysis BCH/USD January 14, 2020
An additional signal in favor of the growth of quotes of the digital asset BCH/USD is the test of the upward 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 bullish channel. The cancellation of the growth option for the Bitcoin Cash cryptocurrency rate on January 14, 2020 will be a fall and a breakdown of the 200.05 area. 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 175.05. With the breakdown of the resistance area and closing of quotes above the level of 295.05, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD January 14, 2020 involves an attempt to test the support area near the level of 235.55. Where can we expect a rebound and continued growth of BCH/USD to the area above the level of 335.05. 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 200.05 area. This will indicate a continued decline in cryptocurrency with a potential target below the level of 175.05.
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