Bitcoin Cash (BCH/USD) forecast and analysis on September 25, 2018 | ELEVENEWS
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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on September 25, 2018

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 489.00. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Bitcoin Cash. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 470.00 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target near the level of 550.30.

Bitcoin Cash (BCH/USD) forecast and analysis on September 25, 2018

Bitcoin Cash (BCH/USD) forecast and analysis on September 25, 2018

The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 460.00. The abolition of the option of continuing Bitcoin Cash growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of ​​400.00, indicating a change in the bearish trend for BCH/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.

Bitcoin Cash

Bitcoin Cash technical analysis: BCH/USD bulls firmly capitalised on a technical pennant; gains over 5%

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  • Bitcoin Cash price late on Wednesday is trading in the green by over 5%. 
  • BCH/USD daily price action extended to the upside after breaking out from a bullish pennant. 
  • A daily closure above the psychological $500 mark could leave the door open to further buying pressure. 

Spot rate:                 502.24

Relative change:      +5.25%

High:                        514.88

Low:                         473.16

BCH/USD 60-minute chart

  • BCH/USD is set to retest a breached range-block formation, where $500 is seen at the top of this structure. 

BCH/USD daily chart

  • The bulls have extended to the upside following a daily breakout of a pennant formation. 

source:.fxstreet.

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Bitcoin Cash

Bitcoin (BTC/USD) jumps 15%; trading at highest levels since January 2018

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  • Bitcoin price on Wednesday in the second half of the session is trading with big gains of 15%.
  • BTC/USD is trading at the highest levels seen since January 2018, up within $13,500 territory.

The Bitcoin price is further exploding to the north, big gains of over 15% in the session, jumping into $13,500. It is the highest level seen since mid-January 2018, a time when the market was falling heavily, after the 2017 bull run.

BTC/USD has been largely outperforming its peers, running away with the noted double-digit gains. The door was left wide open to further gains, after a breach of the $12,000 price barrier.

The next major zone of interest will very likely be $15,000 price mark, where resistance of some significance can be seen on the weekly chart.

BTC/USD weekly chart

source:.fxstreet.

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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on June 26, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 479. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.

Bitcoin Cash (BCH/USD) forecast and analysis on June 26, 2019

As part of the Bitcoin Cash forecast, a test level of 470 is expected. Where should we expect an attempt to continue the growth of BCH/USD and further development of the upward trend. The purpose of this movement is the area near the level of 525. The conservative area for buying of Bitcoin Cash is located near the lower border of the Bollinger Bands indicator strip at level 440.

Bitcoin Cash (BCH/USD) forecast and analysis on June 26, 2019

Cancellation of the option to continue the growth rate of Bitcoin Cash will be the breakdown of the area of ​​the lower border of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and closing of quotations of the pair below area 420. This will indicate a change in the current trend in favor of a bearish for BCH/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bars, one should expect an acceleration of the fall of the cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on June 26, 2019 implies a test level of 470. Further growth is expected to continue to the area above the level of 525. The conservative area for buying Bitcoin Cash is located area of 440. Cancellation of the growth option of cryptocurrency will be a breakdown of the level of 420. In this case, we should expect a further fall.


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