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Bitcoin Cash (BCH/USD) forecast and analysis on September 18, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 306. 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 upper border of the Bollinger Bands indicator stripes.

Bitcoin Cash (BCH/USD) forecast and analysis on September 18, 2019

As part of the Bitcoin Cash forecast, a test of level 304 is expected. Where can we expect an attempt to continue the growth of BCH/USD and the further development of an upward trend. The purpose of this movement is the area near the level of 321. The conservative area for buying Bitcoin Cash is located near the lower border of the Bollinger Bands indicator strip at 297.

Bitcoin Cash (BCH/USD) forecast and analysis on September 18, 2019

Cancellation of the option to continue the growth of the Bitcoin Cash rate will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and closing of quotations of the pair below the area of ​​290. This will indicate a change in the current trend in favor of the bearish for BCH/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, we should expect acceleration of the cryptocurrency fall.

Bitcoin Cash (BCH/USD) forecast and analysis on September 18, 2019 implies a test level of 304. Further growth is expected to continue to the area above the level of 321. The conservative area for buying Bitcoin Cash is located area of 297. Cancellation of the growth option of cryptocurrency will be a breakdown of the level of 290. In this case, we should expect a further fall.

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Bitcoin Cash

[2019 Updated] Best ways to buy Bitcoin Cash safely

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Where Bitcoin holds the throne of cryptocurrencies, its hard-forks are also no less profitable assets. Bitcoin Cash, the spin-off inaugurated in 2017, is peer-to-peer electronic cash with an easy to claim procedure.

If you are wondering where to buy bitcoin cash or how do I buy bitcoin cash, here is a simple guide. 

How to buy bitcoin cash

Create a BCH wallet

First of all, claiming a cryptocurrency demands the possession of a crypto wallet. The modes of holding a digital coin vary depending on the wallet in use. You can store your cryptocurrency in a hardware wallet, paper wallet, or a suitable mobile wallet. Once you have your wallet, you will need your Bitcoin Cash address. A new format was invented for Bitcoin Cash called “Cash Address,” 42 characters extended code. 

Where to buy bitcoin cash

A number of exchanges have extended their services to solve your dilemma of querying where can I buy bitcoin cash. Once you hold a wallet, you next need to look for an exchange that supports BCH. Renowned trading platforms, including CoinbaseBinance, allows you to buy bitcoin cash in exchange for USD or other crypto coins like Bitcoin or Ethereum. Also, some exchanges assist in the rapid purchase through the allowance of credit or debit card usages.

Parallelly, you can also obtain BCH through Over the Counter (OTC) traders, who trade the digital asset for fiat money. Furthermore, Bitcoin Cash ATMs have been established to ease the process in many countries.

Along with BCH, BTC has also evolved in the methods of its purchase. While online trade is an exceptional and most used path, buying bitcoin with cash is considered to be a more reliable and secure method that prevents your identity and carries negligible rates of fraud.

How to buy bitcoin with cash

When you purchase virtual currencies through exchanges, you are bound to provide the personal details to fulfill the required KYC norms; but, when you commence trade with an independent seller, your transaction is more anonymous. Several websites like LocalBitcoins, Bitquick, Paxful, etc. are available that connect you to independent dealers who use the P2P platform to complete the trade. To begin, you commonly have to create an account on the network, verify your details comprising E-mail and mobile number, and select cash as the payment method. Also, always make sure to enable two-factor authentication. As you search, a list of traders will appear to help you choose the most reliable. Besides, Bitcoin ATMs are also available to support buying BTC with cash. 

Recently, the San Francisco based payment company, Square, released the Cash app for bitcoin deposits.

How to buy bitcoin with Cash App

The App launched has made it easy to buy and sell BTC direct from the Cash App balance. Unlike other apps, the trade is performed in seconds, and you can even spend your proceeds from a free Visa debit card. Cash App users can deposit bitcoins from external wallets into their app bitcoin addresses. Also, deposits are limited to $10,000 worth of bitcoin in seven days.

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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on October 13, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 224. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator stripes.

Bitcoin Cash (BCH/USD) forecast and analysis on October 13, 2019

As part of the Bitcoin Cash forecast, a test of level 230 is expected. Where can we expect an attempt to continue the fall of BCH/USD and the further development of a downward trend. The purpose of this movement is the area near the level of 190. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator strip at the level of 240.

Bitcoin Cash (BCH/USD) forecast and analysis on October 13, 2019

The cancellation of the option to continue the depreciation of Bitcoin Cash will be a breakdown of the area of ​​the upper border of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and closing of quotations of the pair above the area of ​​250. This will indicate a change in the current trend in favor of the bullish for BCH/USD. In case of breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on October 13, 2019 implies a test level of 230. Further, it is expected to continue falling to the area below the level of 190. The conservative area for selling Bitcoin Cash is located area of 240. Canceling the option of falling cryptocurrency will be a breakdown of the level of 250. In this case, we can expect continuation growth.

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Bitcoin Cash price analysis: BCH/USD market volatility shrinks down

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  • Following two straight bearish days, BCH/USD bulls had a positive start to Saturday.
  • Relative Strength Index (RSI) indicator is trending around 39.70.

BCH/USD went up from $221.30 to $223.35 so far today. The daily price chart has met resistance at the $239.80-line, the downward trending line and the 20-day Simple Moving Average (SMA 20) curve. The hourly BCH/USD chart for Friday and Saturday shows us that the price reached an intra-day high of $234.45 before it dipped down to $220. The buyers have since stepped back in to snag up BCH for cheap, taking the price of the asset up to $223.35.

BCH/USD daily chart

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The 20-day Bollinger jaw has narrowed dramatically, indicating decreasing market volatility. The Bollinger width has fallen from 0.695 to 0.297 over the previous six days. The Moving Average Convergence/Divergence (MACD) indicator shows six straight bullish sessions, while the Relative Strength Index (RSI) indicator is trending around 39.70. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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