Price Analysis

Bitcoin Cash Marked an Intraday Hike of Almost 4%

Crypto payments are making headway in various part of the world. Recently, a California city official used Bitcoin Cash for purchasing cannabis. Thus, he became the first elected official to do so. Another good news for BCH community is, now they can secure and transact the digital chip using HTC’s latest flagship smartphone Exodus 1. The tech firm decided to do so as a vast number of consumers are using BCH as a payment method. 

Bitcoin Cash Price Analysis

On August 22, Bitcoin Cash was trading around $314.1. However, today after 25-days, it has shown a cumulative hike of 3.02%. Similarly, in the weekly chart, BCH coin has marked a considerable bounce-back of 8.8% from the trading price of $297.4 on September 12. Yesterday’s trading projects similar action as well. The crypto strengthened by a margin of 3.89%, after opening at $307.53. It finally wrapped the day at $319.50. 

BCH to USD Price Chart

Bitcoin Cash price chart
Bitcoin Cash Price Chart by TradingView

The crypto is having a bullish movement for almost a week now. And it is moving further at a steady pace. The immediate resistance for the BCH coin is at $328.85 and a support level at $308.13.

Bitcoin Cash is trading firmly above the baseline, though, there have been some fluctuations in the intraday trading. Further, the use of Bitcoin Cash as the payment method in California will draw a lot of traders toward the coin. Nowadays, a number of smartphone manufacturers are supporting crypto transactions and HTC’s move is the latest addition in the list. Meanwhile, the trends in BCH is bullish and is expected to go up further.

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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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