Bitcoin Cash completes the trading week at 147.87, continue to move in the framework of correction and the descending channel. Sliding average indicate the presence of a bear’s trend. Prices again test the area between the signal lines, which indicates the pressure from the sellers of the coin and the potential continuation of the fall. As part of the forecast of the BCH/USD course, an attempt to continue the increase in the cost of a digital asset and the resistance area near the level 205.05 should be expected for the next trading week. Where again the rebound is expected to go down and the attempt to fall the cryptocurrency Bitcoin Cash with a potential goal below the level of 30.55.
Bitcoin Cash Weekly Forecast August 1 — 5, 2022
An additional signal in favor of the fall of the BCH/USD quotes on the current trade week on August 1 — 5, 2022 will be the test of the resistance line on the relative force indicator. The second signal will be the rebound from the upper boundary of the descending channel. The cancellation of the Bitcoin Cash cryptocurrency option in the next trading week will be a strong growth and a breakdown of the region on 275.05. This will indicate the breakdown of the resistance area and the continuation of the lifting of the BCH/USD quotes with a goal above the level 445.05. Confirmation of the fall of cryptocurrency will be a breakdown of the support area and closing of quotes below the level of 85.05.
Bitcoin Cash Weekly Forecast August 1 — 5, 2022 involves an attempt to test the resistance area near the level of 205.05. Then the continuation of the fall into the area below the level of 30.55. An additional signal in favor of the fall of Bitcoin Cash will be the test line of the trend on the relative force indicator. The cancellation of the fall option will be a strong growth and breakdown of the area 275.05. This will indicate a continuation of the rise of cryptocurrency with a goal above the level 445.05.
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