Bitcoin Cash Price Analysis: BCH back in the Game, Seems Stable at $315.90
Let us compare the price of the Bitcoin Cash since the past one month and evaluate its performance. BCH was valued at $340.95 on 20-July-19 at about 16:30 UTC. Prior to this date, the movement of the BCH was bearish. However, it could not maintain its performance at $340.95, and prices started falling. It reached $284.12 on 24-July-19 at 04:00 UTC. Post 24-July-19, the Bitcoin Cash has started to gain back its efficiency and has ever since shown signs of a rise. Barring the few falls in between from 9-Aug-19 till 11-Aug-19 the BCH has still managed to reach as high as $355.16 on 14-Aug-19 at 02:00 UTC. Prices fell to $283.58 on 15-Aug-19 at 06:30 UTC, however, the coin has managed to bounce back, and the present trend for the coin is a bullish one. Bitcoin Cash may be traded today in the range of $312.58 and $320.38.
Let us look at the price analysis of BCH:
Current Figures of BCH:
- Ranking of the BCH coin is at level 4 as on date.
- Market Cap value of Bitcoin Cash was 5,675,867,382 USD at 05:44 UTC.
- The price of the BCH is $315.90 at 05:57 UTC time.
- 24-hour volume figures are $1,151,755,606
- 17,955,225 BCH coins are being traded now.
- ROI of BCH stands at -43.14%.
BCH Price Analysis and Future Predictions:
If we compare the price of Bitcoin Cash since its lowest value when it had reached $283.58 on 15-Aug-19 at 09:30 UTC and the present price, BCH indicates a bullish trend by 11%.
We predict that the same trend will continue for the coin, and BCH to USD can reach $316.3 by the end of the day tomorrow. After a period of about 6-7 days, BCH may trade in the range of $322.96 with an increase of 2%. According to Bitcoin Cash Price Forecast, the price of Bitcoin Cash will rise in upcoming years. Investors can plan to invest in BTC for the long term.
Conclusion:
Advisable to sell the Bitcoin Cash coins in hand today as per its present trend. The MACD indicator also reflects that the current trend of the BCH coin is an upward one. The coins have been overbought and oversold almost the same number of times since the past month, now the number being traded seems neutral. BCH has very good potential to beat its own past performance figures and can reach as high as $462.5 with more than 46% growth by the next year.
