Price Analysis

Bitcoin Cash (BCH) Nears $300 After a 5.18% Plunge

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  • Bitcoin Cash gets an addition of 5.18% in just 1 day.
  • The next resistance of 304 USD may come by the end of this week.

Bitcoin Cash, one of the forefront runners of the market, has yielded a 5.18% growth over the last 24 hours and now it constantly racing against 300 USD. The coin has been through three phases of mild growth and one marginal fall over the last 1 day. It is likely to encounter the next resistance at 304 USD.

BCH Price Statistics-

Bitcoin Cash 03rd September 05:30 UTC
Rank 4th
ROI (Return on Investment) -46.55%
Coin Circulation 17,982,225 BCH
Market Cap 5,340,567,969 USD
Value in USD 297.16 USD
Value in BTC 0.02855468 BTC
24h Volume 1,367,364,689 USD

BCH to USD Price Comparison-

BCH Price Prediction
BCH Price Chart by TradingView

Bitcoin Cash gave its first sign of recovery between 02:11 UTC and 14:23 UTC with a 3.42% hike. It added 9.58 USD to the coin and placed it at 289.90 USD. The second swing started at 15:11 UTC and over the next 6 and a half hours the coin managed to grow by 3.52% to reach 295.56 USD. And at 21:57 UTC, the again started strengthening and it added 6.11 USD by 01:55 UTC to reach the top point of the day. From there the weakening phases started and over the next 3 hours and 21 minutes, the coin went as low as 297 USD. As of now, the coin is actively pursuing 300 USD.

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BCH Price Prediction-

As per our prediction, the coin is likely to get a price rally soon, and it will end this year with a very high figure. The next resistance may come at 304 USD, and this may happen by the end of this week. The next probable resistance and support levels are listed below.

Bitcoin Cash (BCH)
1st Resistance 299.5366667 USD
2nd Resistance 304.9933333 USD
3rd Resistance 314.4666667 USD
1st Support Level 284.6066667 USD
2nd Support Level 275.1333333 USD
3rd Support Level 269.6766667 USD

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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