Price Analysis

Bitcoin Cash en-routes for an Upsurge; BCH Price Hangs Around $282

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  • Bitcoin Cash (BCH) upsurge astounds the intraday traders.
  • The price movement indicates a breach of the immediate resistance level.

Bitcoin Cash’s price movement was seen inconsistent in yesterday’s chart. There were quite a few pickups and downs that lead to a moderate loss in the intraday price movement of the BCH coin. However, today, the movement in the price is quite stable and is directed towards a profitable closing.

The future of Bitcoin Cash is great. The traders can expect a colossal profit in the coming time.

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Bitcoin Cash Price Analysis

Yesterday, Bitcoin Cash started dealing at $281.8860. The coin fell to $278.248 by 1.29% drop. The price immediately picked up to $283.1790 by 1.77%. Later, the BCH coin felt a pullback that took the price down to $269.87 by 4.70%. Towards the last hours, BCH took a long leap and touched $280.61. The day ended at $280, with an intraday regression of 0.67%. Today, BCH is registering an uptrend, and it has registered a profit of 0.97% as of now. The counters changed from $280 to $282.71.

Bitcoin Cash Price
BCH Chart By TradingView

Bitcoin Cash price is currently dealing at $282.885. The uptrend in the coin is slowly moving towards the immediate resistance level of $284. It won’t be a surprise if the BCH coin breaches the next resistance level at $289. Here, take a look at the resistance and support levels:

Resistance Level Price
R1 $284.38
R2 $289.63
R3 $294.76
Support Level Price
S1 $274
S2 $268.87
S3 $263.62

The price movement in Bitcoin Cash is currently improving. There are strong indications that the currency would start reflecting voluminous growth in some time. BCH coin is recommended for long-term traders. The specified period would bring the desired result.

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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