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Bitcoin Cash forecast for the week of June 14-20, 2021

Bitcoin Cash forecast for the week of June 14-20, 2021

Bitcoin Cash BCH/USD is trading at 598. Cryptocurrency quotes are trading below the level of the moving average with a period of 55. This indicates the presence of a bearish trend for Bitcoin Cash. At the moment, the cryptocurrency quotes are moving near the average border of the bands of the Bollinger Bands indicator.

As part of the Bitcoin Cash rate forecast, a test of the 680 level is expected. Where to expect an attempt to continue the fall of BCH/USD and further development of the downward trend. The target of this movement is the area near the level of 240. The conservative area for Bitcoin Cash sales is located near the upper border of the Bollinger Bands indicator at the level of 770.

 

Bitcoin Cash signals for the week of June 14-20, 2021

 

The cancellation of the option to continue the decline in the Bitcoin Cash rate will be a breakdown of the upper border of the Bollinger Bands indicator bands. As well as a moving average with a period of 55 and the closing of the pair's quotes above the 1000 area. This will indicate a change in the current trend in favor of a bullish one for BCH/USD. In the event of a breakdown of the lower limit of the bands of the Bollinger Bands indicator, we should expect an acceleration in the fall of the cryptocurrency.

Bitcoin Cash forecast for the week of June 14-20, 2021 suggests a test of the level of 680. Further, it is expected to continue falling to the area below the level of 240. The conservative sales area is located near the 770 area. The cancellation of the fall of the cryptocurrency will be the breakdown of the level of 1000. In this case, we should expect continued growth.

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