Bitcoin Cash ends the trading week near the 193 area and is trading within the correction and bearish channel. BCH/USD quotes are moving below the lower border of the Ichimoku Kinko Hyo Cloud. This indicates a bearish trend for Bitcoin Cash. In the current trading week of September 11 — 15, 2023, a correction is expected to develop and a test of the lower boundary of the Cloud of the Ichimoku Kinko Hyo indicator is expected near 200. Where can we expect an attempt to rebound downwards and continue the fall with a target below the level of 105.
Bitcoin Cash Forecast September 11 — 15, 2023
An additional signal in favor of a fall in the BCH/USD cryptocurrency will be a test of the resistance area on the coin price chart. The second signal will be a rebound from the upper border of the downward channel. Previously, a weak signal was received for selling the Bitcoin Cash cryptocurrency due to the intersection of signal lines at level 260.
Cancellation of the option of falling BCH/USD quotes will be a breakdown of the upper border of the Indicator Cloud and closing of the price above the level of 265. This will indicate a change in the bearish trend in favor of a bullish trend and continued growth to the level of 335. Expect an acceleration in the fall of quotes with a breakdown of the support area and closing below the level 165.
Bitcoin Cash Forecast September 11 — 15, 2023 assumes an attempt to develop a correction to the level of 200. Where can we expect a rebound and continued fall of the cryptocurrency with a potential target near the level of 105. A test of the resistance area on the BCH cryptocurrency price chart will be in favor of the decline. Cancellation of the fall option will be a breakdown of the 265 area. In this case, we should expect a continuation of the fall of the Bitcoin Cash cryptocurrency with a target below the level of 335.
