Price Analysis

Bitcoin Cash (BCH) Exhibits Downtrend Over the Last 24 Hours

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The crypto market is on the freeze zone. The price movement is marginal, even in the volatile coins. The said period is either before the heavy loss or hefty upsurge. The traders are eagerly waiting for a significant improvement.

Bitcoin Cash is dealing at a marginal loss as of now. The traders interested in coins are suggested to hold their investment as the coming would help them in recovering losses.

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Bitcoin Cash Price Analysis

Yesterday, Bitcoin Cash started the day at $188.08. The price slipped to $187.05 by 0.55%. There was a slight escalation in the price that brought the Bitcoin Cash price to $187.6 by 0.28%. The recovery couldn’t hold itself and fell to $182.85 by 2.55%. Further, the price of Bitcoin Cash slipped to $182.85 by 2.55%. The currency escalated to $185.900 by 1.66%. The price slipped to $184.55, and then, the currency moved to $186.8 by 1.27%. The coin slipped to $184 by 1.53%. The day-long movement in Bitcoin Cash reflected a 2.17% fall in the price. Today, the BCH coin price escalated to $186.4 by 1.31%.

Bitcoin Cash Price Prediction
BCH/USD Chart By TradingView

Presently, Bitcoin Cash is dealing below the immediate support level at $184.98. The speculations are strong about fall in the price. The traders who want to invest in Bitcoin Cash are recommended to opt for long-term investment. The short term might not be as fruitful as the long term for the investors.

Resistance Level Price Support Level Price
R1 $189.82 S1 $185.01
R2 $192.47 S2 $182.85
R3 $194.63 S3 $180.2

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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