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Price Analysis

Bitcoin Cash Falls below $300 after a 1.6% Blow

  • 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.

Bitcoin Cash Price Chart
Bitcoin Cash Chart by TradingView

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 Resistance$306.1566667
2nd Resistance$312.5033333
3rd Resistance$318.3566667
1st Support Level$293.9566667
2nd Support Level$288.1033333
3rd Support Level$281.7566667
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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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