Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 1586.55. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Bitcoin Cash. At the moment, the quotes of the cryptocurrency are moving near the lower border of the bands of the Bollinger Bands indicator. A test of the level of 1750.20 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 1360.50.
Bitcoin Cash (BCH/USD) forecast and analysis on January 25, 2018
The conservative area for Bitcoin sales is located near the upper boundary of the Bollinger Bands indicator bars at 1950.50. The abolition of the option to continue the Bitcoin Cash fall will be a breakdown of the upper range of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 2180.50, indicating a change in the bullish trend for BCH/USD. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.