Bitcoin Cash (BCH) Intraday Movement Stalls Recovery

Bitcoin Cash price movement was spotted getting bashed by the market pressure. The price dropped below the 90-day low and marked a new one. The price crash was observed by the entire market. Big forces like Bitcoin, Ethereum, Ripple, etc were all seen touching a new low. The improvement in the market is recently spotted. However, the recovery in BCH coin is speculated to be short-lived.

Bitcoin Cash Price Prediction:

Yesterday, Bitcoin Cash started dealing at $201.7056. The currency immediately fell to $193.1622 by 4.24%. The price escalated to $212.0065 by 9.65% in the later hours. Further, the BCH price slipped to $206.7340 by 2.55%. The coin picked up and touched $215.1797 by 4.06%. The currency fell again and closed at $207.7104. The intraday movement in BCH brought 3.05% progression. Today, the currency began with 2.49% profit. The counters moved from $207.710 to $213.031. But, recently, the BCH price slipped to $209.712 by 1.36%.

Bitcoin Cash Chart by TradingView

Bitcoin Cash price is marking an escalation since yesterday. Currently, it is trading at $209.625. As per the current price trend, the coin is moving towards the immediate support level at $197. However, as per the recent price improvement, it could trade upwards. BCH coin is speculated to give better results in the coming days. To know more about BCH Prediction, you can check the CryptoNewsZ forecast page to learn about the Bitcoin Cash price trend, its future price & market value. The coin is mostly recommended for long-term traders.

Resistance Level Price
R1 $218.11
R2 $226.97
R3 $238.65
Support Level Price
S1 $197.57
S2 $185.89
S3 $177.03

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.

Related Articles

Back to top button