Analysis for 2020-06-11
Bitcoin (BTC) Bitcoin Cash forecast on September 8, 2024 In favor of reducing the BTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will be made. Cancellation of the option of falling Bitcoin Cash will be a strong growth and a breakdown of the area of 9725. This will indicate a breakdown of the upper limit of the model and continued growth of the cryptocurrency rate with a potential target above the area of 10505. With the breakdown of the support area and closing of quotes below the level of 6205, we should expect confirmation of the development of a downward trend in Bitcoin Cash.