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Annual Forecast for Bitcoin Cash (2022) BCH/USD

January 14, 2022

#BCH#BCH/BTC#BCH/USD#Bitcoin Cash#Technical Analysis

Bitcoin Cash Annual Price Forecast
Before the last trading bullish cycle between 2020/2021, the BCH/USD market was trading around $200. During the cycle’s sessions, the crypto-economic price witnessed an all-time higher value-line of around $1,600 in May 2021. In the same month, the market got a fearful reversal motion that has now led to a continual bearish trend until now. Price has experienced a higher point of about $457 and a lower value line of around $343, keeping a percentage rate of10.08 negatives since the start of this year.

BCH/USD Market
Key Levels:
Resistance levels: $600, $800, $1,000
Support levels: $300, $200, $100

BCH/USD – Monthly Chart
The BCH/USD annual forecast monthly chart showcases the crypto-economic price valuation has once reached a peak trading level during the last year’s May trading time. The effect of the 14-day SMA indicator has to be instrumental in deciding the subsequent price actions of the market. A bearish candlestick is forming against the indicator to denote the presence of a falling force presently. The Stochastic Oscillators are in the oversold region with their lines conjoined, moving in a consolidation manner. That signifies that the crypto is under intense depression.

What could be the BCH/USD market traders’ expectations as regards this year’s annual forecast?
The BCH/USD market traders may expect that free-falls will witness in the process of the crypto-economic price trying to swing up to a particular higher trading spot. As indicated in the recent past activities, trading resistance levels between $400 and $600 or $800 in an extensive outlook may be the focus zones against getting sustainable stances to the upside.

On the downside of technical analysis, the BCH/USD market operations may encounter a series of depressions when the price tries to make some pull-ups that have to give back decent sell entries afterward at a higher trading zone. The crypto economy currently possesses slow and steady moving nature to the downside. And that condition has almost led the price to eye the $200 lower support level in the long run. As a result, the trade may not push southward further than that value line before the run-offs of this year.

BCH/BTC Monthly Price Analysis
In comparison, the BCH/BTC annual forecast price analysis chart reveals that the cryptocurrency pair market falls under an intense depressive motion. The 14-day SMA trend line has elongated above several trading candlesticks some months before 2019 until the present to indicate that Bitcoin has been playing a dominating role on Bitcoin Cash for over a couple of years back until now. The impact of the 50-day SMA indicator is on the chart above the smaller SMA. The Stochastic Oscillators are slantingly moving southward toward the range of 40. That indicates the base crypto may still stand the risk of going southward more as placed with the trending capacity of the flagship counter crypto.

Note: is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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