Price Analysis

Bitcoin Cash has Fallen to $287 After 1.78% Drop in the Last 24 Hours

eToro

In a matter of hours, the dream of Bitcoin Cash touching $300 is shattered. The coin loses 1.78% in the last 24 hours and now it has been dragged to $287 from $295 in a day. Bitcoin Cash has shown three significant price changes in this period.

Bitcoin Cash Price Analysis

BCH coin initiated the day with a hike of 3.61% between 00:59 UTC and 11:13 UTC and this hike added $10.52 and placed the price at $302.06, the highest point of the day. This was followed by a steep fall of 6.95% over the next 9 hours. This dip had a break at 17:33 UTC and these two series of falls cost the Bitcoin Cash $20.99. The last swing was a hike of 2.39% and it added $6.72 to the BCH coin and made the coin to roam around $287.83.

eToro Crypto

Bitcoin Cash has all the price movement features of Bitcoin and it has followed the same pattern in the last 24 hours as well. This coin may have to wait a little longer before getting any good sign for the price movement. It may soon touch the support at $280. Following are the calculated resistance and support levels:

R1: $297.53, R2: $307.62 and R3: $314.20

S1: $280.86, S2: $274.28 and S3: 264.19

Bitcoin to USD Price Chart by TradingView

Bitcoin Cash Price
Bitcoin Cash Chart by TradingView

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.

Related Articles

Back to top button