Bitcoin Cash Forecast – Is Bitcoin Cash Ending? An analysis

The Bitcoin Cash price was able to fall back into the descending triangle, which is why we continue to assume that the price will be bearish. We expect the price to drop to around $204, the next support. There is also the target of the descending triangle, which is why we see it as very likely that the price will drop to +/- $200. After that, there could be a brief recovery. It could be that the price will rally to the current $270 support to confirm as resistance. However, this does not mean that the Bitcoin Cash price will be bullish in the future. Instead, we anticipate that the price will continue falling after it confirms $270 as resistance.

If bitcoin cash price breaks the support around $200, which we expect, it could drop to the next support. This support sits around $134. As of now, the price could fall by another 50%. However, one should always be careful that the $200 support does not hold. If this holds, we no longer expect the price to drop to $133. Instead, we would expect prices to rise. However, we consider this scenario to be rather unlikely.

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