- Bitcoin Cash is down by 1.6% in the last one day and falls below $300.
- The next support for the BCH coin may come at $293.
Bitcoin Cash has faced a rock on its way, and it made the coin to lose 1.6% in the last one day. In the whole course, the coin has gone below 300 USD. There have been four significant price swings of the BCH coin over the last 24 hours. The coin may find the next support at $293.
Bitcoin Cash Price Analysis
BCH started the day at a value of around $306.78 and it soon took a dip of 3.12% between 00:14 and 06:52 UTC. This brought the price of Bitcoin Cash down to $297.20. Later the coin again took another dip to $291.59 by 16:05 UTC after a 3.35% decline. Then, BCH coin has gained momentum and added $8.82 by 00:06 UTC today. The growth of 3.03% had a break at $298.36. Later Bitcoin Cash took another fall to $297.20 by 04:08 UTC.
Though the BCH coin has huge potential to perform well in the market, the current market condition may not support it for decent growth. The next support for Bitcoin Cash may come at $293. The details of the next resistance and support are listed below.
|Bitcoin Cash (BCH)||Resistance and Support Level|
|1st Support Level||$293.9566667|
|2nd Support Level||$288.1033333|
|3rd Support Level||$281.7566667|