Cryptocurrency Bitcoin Cash is trading at 198. Quotes continue to move within the framework of growth and have left the bearish channel. The BCH/USD rate is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates a medium-term bullish trend for Bitcoin Cash. As part of the forecast for the price of the Bitcoin Cash cryptocurrency for September 15, 2023. An attempt to develop the growth of prices of the digital asset and a test of the upper limit of the Cloud of the Ichimoku Kinko Hyo indicator near the level of 195 are expected. Where can we expect a rebound upward and continued growth of the BCH cryptocurrency with a potential target above the level of 225.
Bitcoin Cash Forecast and Analysis for September 15, 2023
An additional signal in favor of such a cryptocurrency movement in the market will be a test of the support area on the cryptocurrency price chart. The second signal will be a rebound from the upper border of the bearish channel. Previously, there was a weak signal for purchases of the Bitcoin Cash cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 205. The nearest resistance area for Bitcoin Cash is located at the level of 225. The support area for BCH/USD is located at the level of 180.
Cancellation of the option to increase the quotes of the BCH/USD crypto asset will be a fall in the value of the asset and a breakdown of the lower boundary of the Cloud of the Ichimoku Kinko Hyo indicator with the price closing below the level of 180. This will indicate a change in the bullish trend in favor of a bearish trend and a continuation of the fall of the cryptocurrency. Expect an acceleration in the growth of BCH/USD quotes with a breakdown of the resistance area and closing of quotes above the level of 210, which will indicate a breakdown of the upper boundary of the downward channel.
Bitcoin Cash Forecast and Analysis for September 15, 2023 assumes an attempt to develop a cryptocurrency correction and a test of level 195. Where can we expect continued growth in the Bitcoin Cash rate with a potential target near the level of 225. The cancellation of the rise option will be a fall in the price of the asset and a breakdown of the 180 area. In this case, it is worth considering a continued decline in the asset’s exchange rate with a potential target at the level of 145.
