Bitcoin cash price forecast shows the market is currently following a downtrend, with BCH price standing at $422. On December 13, 2021, BTC/USD hit 453 before falling to $436. The price continued to drop significantly on the same day, reaching $416 on December 14, 2021. Since then the price has fluctuated, up and down. On December 15, 2021, the price rose to $441 and then dropped again, and is currently at $422
4-Hour BCH/USD Price Forecast: Market trend fluctuates between up and down
Bitcoin price forecast in cash for 4 hours shows that market volatility is slowly increasing. The upper limit of the Bollinger Band is $459, which serves as the strongest resistance. The lower limit of the Bollinger Band is $411, which serves as the strongest support. The price of BCH/USD seems to be hovering above the moving average curve, but only to quickly move below it, from an uptrend to a downtrend.
If we look at the graph that predicts the price of Bitcoin in cash, we see that the relative strength index is 39. This means that the BCH asset is easily underestimated. Increased market volatility can mean that assets may increase, although it also increases the uncertainty of market trends. Bulls have to grow strong to enter the market and raise prices.
Bitcoin cash price forecast for 1 day: strong bearish momentum
Bitcoin cash price forecasts show that market volatility is slowly decreasing. The upper limit of Bollinger Bands is $609 which serves as the strongest resistance and the lower limit of Bollinger Bands is $384 which serves as the strongest support. The price of BCH/USD can be observed moving below the moving average curve, signaling a downtrend.
The Relative Strength Index (RSI) is 32. This means that the BCH asset is undervalued. The market is dominated by bears who hold it well and will continue to dominate until the bulls have all they have.
Bitcoin Cash price forecast conclusion: BCH/USD facing devaluation
The conclusion of the Bitcoin price forecast in cash shows that observations on the current behavior of BCH indicate that it is following a bearish trend. Battle BCH/USD for $465; it costs $463 on December 12, 2021.
The chart analysis shows a bearish impulse. It is estimated that Bitcoin Cash could be reduced further if bears continue to dominate the market; if this continues, the price may drop to $410.