Price Analysis

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%.

BCH/USD Chart
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. The coin is mostly recommended for long-term traders.

Resistance LevelPrice
R1$218.11
R2$226.97
R3$238.65
Support LevelPrice
S1$197.57
S2$185.89
S3$177.03
Tags

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.
Back to top button
Close