Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 130. 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 bands.
Bitcoin Cash (BCH/USD) forecast and analysis on January 24, 2023
As part of the Bitcoin Cash rate forecast, a test of level 126 is expected. Where should we expect an attempt to continue the growth of BCH/USD and further development of the upward trend. The target of this movement is the area near the level of 150. The conservative area for buying Bitcoin Cash is located near the lower border of the Bollinger Bands indicator bands at the level of 119.
Cancellation of the option to continue the growth of the Bitcoin Cash rate will be a breakdown of the area of the lower border of the Bollinger Bands indicator bands. As well as a moving average with a period of 55 and closing of the pair’s quotes below the 110 area. This will indicate a change in the current trend in favor of the bearish for BCH/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of the cryptocurrency.
Bitcoin Cash (BCH/USD) forecast and analysis on January 24, 2023 implies a test level of 126. Further growth is expected to continue to the area above the level of 150. The conservative buy zone is near the area of 119. The breakdown of the level of 110 will be the cancellation of the growth option for the cryptocurrency. In this case, we should expect the fall to continue.
