FX.co ★ Trading Signal for Bitcoin Cash - BCH/USD for February 17 - 18, 2021: Buy above $690.00

The US Securities and Exchange Commission (SEC) should keep an eye on Tesla CEO Elon Musk for manipulating the cryptocurrency market. In an interview with CoinDesk TV, Roubini warns that Bitcoin could crash before the end of the year.

Musk has been tweeting about Bitcoin and Dogecoin in recent weeks, which has been able to sway some investors. Since then, Bitcoin has gone into an upward spiral to break through its highs.

On the other hand, Bitcoin Cash BCH / USD has remained stable above the SMA of 21 in the 1 hour chart, with a bullish bias, you can also observe the technical pattern of the bullish triangle, the objective is in the short term the 750.00 zone there is located 8/8 of Murray.

Also, if it breaks the key 8/8 Murray level, the next target is +1/8 Murray at $ 812.50.

Our recommendation is to buy the Bitcoin Cash, above the 21 SMA around $ 692.00, as the bullish force continues to prevail in the market.

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Support And Resistance Levels For February 17 - 18, 2021

Resistance (1) $748.00

Resistance (2) $773.00

Resistance (3) $824.00

Support (1) $650.00

Support (2) $623.00

Support (3) $572.00