Bitcoin Cash Price Analysis: BCH Briefly Rally With 5% And Breaches $500 Mark
Bitcoin Cash (BCH) is crossed $500 on the price chart. The tremendous growth has brought a smile on the faces of the traders. Bitcoin is also hovering $12,000. The bullish trend seems to have legs.
If we look at yesterday’s chart, Bitcoin Cash (BCH) was dealing around $480. The coin touched a high at USD 483.93 and low at USD 466.30 on 25th June 2019.
We are expecting that the coin would continue the upsurge, and, in a few days, BCH will be seen dealing at $520.
Current Statistics of Bitcoin Cash:
- The coin is dealing at 499.17 USD.
- The 24-hour volume of Bitcoin Cash is 2,701,872,787 USD.
- The Market Capitalization of BCH is 8,914,540,999 USD.
- The circulating supply of Bitcoin Cash is marked around 17,858,688 BCH.
- The Return on Investment is noted as negative 10.20%.
The chart of Bitcoin Cash is taken from Trading View on 26th June 2019, at 09:42:56.
Bitcoin Cash opened with an upsurge in price from $475.2 to $482.3. The progression marked was of 1.50%. The next and major jump took place at 03:00 UTC. The escalation marked was around 4.60% as the coin climbed from $476 to $498. The third hike took the price to $501 from $482. The hike was almost about 4%.
The day could end at around $505. The hike in Bitcoin Cash was unexpected. We are expecting a selling pressure in the coin tomorrow.
BCH Price Prediction and Conclusion:
As per Bitcoin Cash Forecast, the BCH price is expected to rise in the coming months, and it might touch $550 by the end of 2019. The long-term investment looks promising. The short-term investment, on the other hand, is not recommended for now.