BitcoinCash Soon Could Reach $2000

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.

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