Price Analysis

Bitcoin Cash (BCH) Exhibits Positive Signs; Price Floats Around $228

The crypto market has entered the last quarter of the year. The coins experienced a volatile movement within the first few days, which has continued until today. Alongside, there has been a clear pattern where the first half remains bearish, but towards the second half, BCH price turns positive.

Well, the volatility must be scary, but if we look at the 7-day price movement, Bitcoin Cash price was at $220 on September 30, and now it is at $227. The escalation isn’t tremendous, but still, spikes hope for the price rally. We are anticipating that the intraday traders of BCH coin would be having a flourishing day.

Bitcoin Cash Price Prediction:

Today, Bitcoin Cash (BCH) started the day at $221.4410. The price fell to $218.2980 by 1.42%. BCH price immediately recovered and took it to $223.2000 by 2.25%. Further, the price again fell, and this time it took Bitcoin Cash value to $215 by 3.47% drop. The price improved and counter went up to $221.5710 by 3.06% hike. The day closed at $219.825, with an intraday regression of 0.73%. Today, Bitcoin Cash started the day with an upsurge of 1.60%. The price moved up from $219.825 to $223.3430. There was a slight downtrend that brought the price down to $221.2010 but again escalated to $228.3020 by 3.21%.

Bitcoin Cash Price Chart
BCH Price Chart by TradingView

Bitcoin Cash is often blamed for getting influenced by Bitcoin. However, in recent days, the BCH coin has shown a distinct characteristic that has broken the myth. Bitcoin Cash has great potential and is speculated to have an amazing future.

Today, the market cap is noted as $4,127,667,568. The ROI is at -58.85%. The circulating supply is marked as 18,043,963 BCH. The 24-hour volume is standing at $1,328,766,606.

As per the current trend, it is anticipated that the price of Bitcoin Cash may cross its weekly high of $236 in the upcoming weeks. We would suggest long-term investment to the investors to gain decent profits.

Resistance & Support Levels

R1: $224.89, R2: $226.36 and R3: $228.6

S1: $221.18, S2: $218.94 and S3: $217.47

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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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