Bitcoin Cash ends the trading week at 362.91, continues to move as part of the growth and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the coin and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to correct the value of the digital asset and test the support area near the level of 305.05. From where a rebound is expected again and an attempt to grow the Bitcoin Cash cryptocurrency with a potential target above the level of 805.05.
Bitcoin Cash Weekly Forecast March 28 — April 1, 2022
An additional signal in favor of the growth of BCH/USD quotes in the current trading week March 28 — April 1, 2022 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the support area. Cancellation of the Bitcoin Cash cryptocurrency growth option in the next trading week will be a fall and a breakdown of the 205.05 area. This will indicate a breakdown of the support area and a continued fall in BCH/USD quotes with a target below the level of 105.05. The rise of the cryptocurrency will be confirmed by a breakdown of the resistance area and closing of quotes above the level of 445.05, which will indicate a breakdown of the upper border of the downward channel.
Bitcoin Cash Weekly Forecast March 28 — April 1, 2022 suggests an attempt to test the support area near the level of 305.05. Then continued growth to the area above the level of 805.05. An additional signal in favor of the rise of 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 area of 205.05. This will indicate a continuation of the fall of the cryptocurrency with a target below the level of 105.05.
