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Price Analysis

Bitcoin Cash Follows the Market Trend, Slips by 4% Overnight

  • Bitcoin Cash goes flat off by 4.03% and touches 309 USD.
  • The next support might be waiting at 304 USD.

Taking a major cur from all the front runner coins, Bitcoin Cash (BCH) has also experienced tough times in the last one day with a 4.03% fall. The value of BCH has now fallen to 309 USD and the price movement of the past 24 hours is divided into three price swings.

BCH to USD Price Analysis:

Bitcoin Cash Price Chart
Bitcoin Cash Chart by TradingView

The first swing of Bitcoin Cash happened between 00:02 and 14:00 UTC and this swing added 13.85 USD to each coin and placed it at 332 USD, the highest point for the day. Later it took a dive to 305 USD, the lowest point of the day. This 8.26% fall had a break at 321 USD. Later it showed some signs of strength and it could lift its value by 1.49% to touch 309 USD.

Bitcoin Cash Price Prediction:

Bitcoin Cash has time and again shown resilience in the market and proved its worth. The latest fall is due to an overall grim condition in the crypto market. However, the same situation may continue for some more days and the next support may come at 304 USD.

Bitcoin Cash (BCH)Resistance and Support Levels
1st Resistance$ 331.94
2nd Resistance$ 339.16
3rd Resistance$ 345.44
1st Support Level$ 318.44
2nd Support Level$ 312.16
3rd Support Level$ 304.94

 

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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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