BitcoinCash Soon Could Reach $2000

in #cryptocurrency6 years ago

BitcoinCash bottomed out at $600 and price started to grow at a very high rate. BCH/USD has gained over 200% in just one month while hitting the $1845 high. Currently BCH has corrected won and seems that it has found the support at $1270 where it rejected the uptrend trendline.

If the uptrend trendline will be able to hold the price the uptrend continuation should take place. The next upside target is seen at $2025, that is 161.8% Fibonacci retracement level, not to mention that this is a very strong psychological resistance.

Nevertheless, the consolidation could take place before price will move higher. But only break below the uptrend trendline should push price down to $1150-1220 support area.

alt



Thanks for reading! Let us know what you think. Share your thoughts in the comment section below!




⭐Join our Facebook Community

⭐Sign up to our Free Daily Newsletter

💰Buy Bitcoin on Coinbase (Get Free 10$)

💰Top 3 Recommended Exchanges to Buy Altcoins:

👍#1 Binance

👍#2 Cryptopia

👍#3 Coinexchange


☛Follow us on Facebook: https://www.facebook.com/Cryptobble/

☛Subscribe to our Youtube Channel: https://goo.gl/YHYi1B

☛Follow our Twitter: https://twitter.com/cryptobble

☛Join the Discussion on Telegram: https://t.me/cryptobblechat

☛Check us out on Instagram: https://www.instagram.com/cryptobble/





Posted from my blog with SteemPress : https://cryptobble.com/2018/05/14/bitcoincash-soon-could-reach-2000/

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70638.80
ETH 3565.34
USDT 1.00
SBD 4.73