An analysis of Bitcoin prices Cash: what is the probability of reaching the level of 1600 USD?

An analysis of Bitcoin prices Cash: what is the probability of reaching the level of 1600 USD?

In recent days Bitcoin Cash (BCH) rose by 18%. This is the best figure among the top 50 crypto-currencies. At the moment Bitcoin Cash (BCH) is trading at 525 USD.

The main reason for the growth, many analysts say the IPO (IPO) of Chinese mining giant Bitmain, who from the beginning supported the idea of creating a Bitcoin Cash (BCH) and is actively promoting this cryptocurrency.

In fact BCH has increased by $ 100 in just a couple of hours. This indicates serious potential. In order to appreciate it in the long term, let’s look at the weekly chart.

If Bitcoin Cash (BCH) will be able to maintain the current dynamics, it is very likely that will draw weekly MACD cross, but if the alternative version of bitcoin will be able to break 650-700 and stay there, it is possible to predict the level of $ 1600.

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