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.
As per Bitcoin Cash Forecast, 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. The price movement in Bitcoin Cash will improve soon & it may 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