Bitcoin Cash (BCH/USD) forecast and analysis on December 23, 2018

Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 189. 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.

Bitcoin Cash (BCH/USD) forecast and analysis on December 23, 2018

As part of the Bitcoin Cash forecast, a test level of 160 is expected. Where should we expect an attempt to continue the growth of BCH/USD and further development of the upward trend. The buying of this movement is the area near the level of 235. The conservative area for purchases of Bitcoin Cash is located near the lower border of the Bollinger Bands indicator strip at level 90.

Bitcoin Cash (BCH/USD) forecast and analysis on December 23, 2018

Cancellation of the option to continue the growth rate of Bitcoin Cash will be a breakdown 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 80. This will indicate a change in the current trend in favor of a bearish BCH/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on December 23, 2018 implies a test level of 160. Further growth is expected to continue to the area above the level of 235. The conservative area for buying Bitcoin Cash is located area of 90. The cancellation of the growth option of cryptocurrency will be a breakdown of the level of 80. In this case, we can expect further decline.


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