fbpx
Price Analysis

Bitcoin Cash (BCH) Seems Unaffected by the Grim Market; Grows 1.68%

  • Bitcoin Cash gains 1.68% and reaches 318 USD in the last 24 hours.
  • The next resistance may hit at 325 USD.

Bitcoin Cash (BCH) has fetched a 1.68% hike in the last 24 hours, and this happened for the 2nd day in the row, BCH has been on a roll in such a market condition. The current value is nearing 320 USD. Bitcoin Cash has been through four phases of price changes in the last day.

Bitcoin Cash Price Analysis

Between 00:18 UTC and 03:05 UTC, Bitcoin Cash took a dip of 5.68% and lost 18.37 USD to reach 305.29 USD. It was followed by a hike of 4.02% and by 16:31 UTC, it gained 12.29 USD to be placed at 317.58 USD. The third swing was also a hike of 2.37% and it pushed the value to 325.10 USD, the highest point for the day. This hike had a break at 322.50 USD. Later, BCH took a blow and lost 2.40% to touch 317 USD by 02:54 UTC.

Bitcoin Cash chart
Bitcoin Cash Price Chart by TradingView

Despite big falls in the price of major coins of the market, Bitcoin Cash has maintained its value above 315 USD. It is likely to continue its gradual growth and the next resistance may come at 328 USD. 

Resistance and Support Levels 

R1- $328.9133333, R2- $334.1266667, R3- $343.6233333

S1- $314.2033333,    S2-$304.7066667, S3- $299.4933333

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.

Related Articles

Back to top button
Close