Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 2219.53. 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 cryptocurrency are moving near the moving average. A test of level 2060.80 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with the target near the level of 3160.50.
Bitcoin Cash(BCH/USD)forecast and analysis on December 24, 2017
The conservative shopping area is located near the lower border of the Bollinger Bands indicator strip at the level of 1700.90. Canceling 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 1380.50, 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.
