Price Analysis

Bitcoin Cash Comfortably Reaches $230 Over 24 Hours

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  • Bitcoin Cash gains 5.82% to reach 230 USD over the last 24 hours.
  • The next resistance is likely to come at 233 USD.

Bitcoin Cash (BCH) has been able to fetch a 5.82% hike over the last 24 hours and the current value has gone above 230 USD. There have been four major price changes in this period and the movements have been in the range of 212 USD and 235 USD.

Bitcoin Cash Price Analysis:

Bitcoin Cash started its journey at a value of around 218 USD and soon within the next four and a half hours, it fell by 2.55%. After this downfall, it reached 212 USD, the lowest of the day. It was followed by a hike of 8.33% and it helped BCH to add 17.73 USD and placed the value at 230 USD at 16:02 UTC. After a few hours of volatility, it again took a shift from 224 USD to 235 USD between 20:22 UTC and 03:09 UTC today. The last swing of the day came at 03:09 UTC and in the next 2 hours, it fell by 1.78% to reach 231 USD.

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Bitcoin Cash Price Chart
Bitcoin Cash Chart By TradingView

The trading chart shows that the 50 days and 20 days moving average is above the current BCH Value. It is on an up-trending path; the next resistance for BCH may fall at 233 USD.

Resistance and Support Levels:

R1- $233.9, R2- $239.68, R3- $249.1

S1- $218.7, S2- $209.28, S3- $203.5

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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