FX.co ★ Analytics BCHUSD | Bitcoin Cash Rate in the Forex market

Bitcoin is trading around $67,481 above the 21 SMA and within the downtrend channel formed since February 6. If Bitcoin continues to rise, it is expected to encounter strong resistance...

Bitcoin is trading within a downtrend channel formed since early February after attempting to break through the psychological level of $70,000 over the weekend. Bitcoin is showing negative signs...

If the metal consolidates below $4,930, the price could reach the 200 EMA around $4,846. Gold could even reach the support of the lower band of the uptrend channel around...

A breakout from the downtrend channel and consolidation above $4,965 will be seen as an opportunity to open long positions, with targets at $5,030, $5,100, and finally at the +1/8...

In case of a pullback towards the upper band of the downtrend channel around $70,000, this will be seen as a signal to open short positions with targets around...

On the contrary, if there is a pullback towards $5,000, we could see it as an opportunity for short trades. So, we could sell with targets...

Bitcoin is trading around $68,750, at about the 3/8 Murray, showing a slight recovery after reaching $71,200. In the coming hours, Bitcoin is expected to encounter strong resistance around...

Ethereum is trading around $1,974, below the 21 SMA and the downtrend channel. ETH is under bearish pressure, having climbed above the psychological level of $2,000 over the weekend. Ethereum...

ETH/USD (Ethereum) is trading around $1,948, showing signs of exhaustion in the bearish momentum, and is likely to consolidate above the 2/8 Murray in the coming hours, awaiting a decisive...

If, in the coming hours, Bitcoin decisively breaks the downtrend line and consolidates above $68,000, the outlook could be positive, and we could expect it to reach the psychological level...