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

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.


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 of BCH to USD. 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.

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