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Bitcoin Cash Price Prediction: BCH/USD Price Ranges as the Coin Holds $212 Key Support

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Last Updated on December 9, 2019

BCH Price Prediction – December 9

For the past few days of price actions, BCH/USD is consolidating at the lower boundary of the channel.

BCH/USD Market

Key Levels:

Resistance levels: $230, $240, $250

Support levels: $195, $185, $175

BCH/USD bulls have been fighting to come out of the valley they were pushed into during last month’s declines. Another fall in the price, which started yesterday early this month, is spotted on today’s chart too. From the past few days, the market is forming a pattern where the day begins with either having an uptrend or downtrend, but towards the end, it reverses.

Moreover, mere looking at the daily chart, BCH/USD price has continued to consolidate itself in a flag formation, waiting for a potential breakout. The daily breakdown shows us that BCH/USD had dropped to $212.15 which is around the middle boundary of the Bollinger bands after moving to $214.20 level. If the support gets weak, a price break-down may

occur as the bears may find new monthly lows at $195, $185 and $175 support levels.

Furthermore, a bullish step back may likely roll the market back to $230 resistance with a possible break out of the channel and move towards the $240 and $250 resistance levels, establishing a new monthly high for the market. At the moment, the RSI (14) indicator moves in the same direction below 40, indicating an indecisive movement.

Comparing with Bitcoin, as revealed in the daily chart, the bears have shown a little commitment to BCH trading. Following the recent negative sign, the trend may continue to go down if the sellers could continue to pump more pressure into the market.

BCHBTC – Daily Chart

More so, if the buyers can hold the support of 0.0284 BTC, the market price may likely resume an upward trend and cross the middle boundary of the Bollinger bands to touch the resistance level of 0.0294 BTC and 0.0300 BTC but a retest could lower the price to 0.0270 BTC and 0.0260 BTC support levels but the stochastic RSI is creeping out of the oversold condition.

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Bitcoin Cash (BCH/USD) forecast and analysis on January 18, 2020

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 336. 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 stripes.

Bitcoin Cash (BCH/USD) forecast and analysis on January 18, 2020

As part of the Bitcoin Cash forecast, a test of level 320 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 405. The conservative area for buying Bitcoin Cash is located near the lower border of the Bollinger Bands indicator strip at 278.

Bitcoin Cash (BCH/USD) forecast and analysis on January 18, 2020

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 a moving average with a period of 55 and closing of quotations of the pair below the area of ​​270. 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 an acceleration in the fall of cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on January 18, 2020 implies a test level of 320. Further growth is expected to continue to the area above level 405. The conservative buying area is located near area 278. The breakdown of the growth option for cryptocurrency will be the breakdown of level 270. In this case, we should expect a further fall.

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Bitcoin Cash (BCH/USD) forecast and analysis on January 15, 2020

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 280. 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 January 15, 2020

As part of the Bitcoin Cash forecast, a test of level 268 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 308. The conservative area for buying Bitcoin Cash is located near the lower border of the Bollinger Bands indicator strip at 258.

Bitcoin Cash (BCH/USD) forecast and analysis on January 15, 2020

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 a moving average with a period of 55 and closing of quotations of the pair below the area of ​​240. 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 an acceleration in the fall of cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on January 15, 2020 implies a test level of 268. Further growth is expected to continue to the area above level 308. The conservative buying area is located near area 258. The breakdown of the growth option for cryptocurrency will be a breakdown of the level of 240. In this case, we should expect a further fall.

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Bitcoin Cash (BCH/USD) forecast and analysis on January 14, 2020

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 263. 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 stripes.

Bitcoin Cash (BCH/USD) forecast and analysis on January 14, 2020

As part of the Bitcoin Cash forecast, a test of level 258 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 302. The conservative area for buying Bitcoin Cash is located near the lower border of the Bollinger Bands indicator strip at 238.

Bitcoin Cash (BCH/USD) forecast and analysis on January 14, 2020

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 a moving average with a period of 55 and closing of quotations of the pair below the area of ​​230. 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 an acceleration in the fall of cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on January 14, 2020 implies a test level of 258. Further growth is expected to continue to the area above the level of 302. The conservative area for buying Bitcoin Cash is located area of 238. Cancellation of the growth option of cryptocurrency will be a breakdown of the level of 230. In this case, we should expect a further fall.

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