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Price Analysis

Bitcoin Cash Price Analysis: BCH Maintains A Stable Trend After Falling From $350 Price Mark

BCH was valued at $348.98 on 13-July-19 at 17:00 UTC. There were two major falls the next day, and the price fell to the lowest of the said time period with a value of $262.34. However, since 15-July-19, BCH has really managed to bounce quite well, and the coin slowly started to rise upwards. Barring the few falls in the mid of July,19 the coin managed to reach as high as $354.09 on 5-Aug-19 at 12:30 UTC. From 9-Aug till 11-Aug-19 the prices of the coin plunged again, but BCH managed to maintain its efficiency and rise upwards. We anticipate that the bullish run may continue for the coin for another few weeks to come.

Let us look at the monthly price analysis of BCH:

Bitcoin Cash Price Prediction
Bitcoin Cash Price Chart by TradingView

Current Figures of BCH:

  • BCH is currently ranked at 4th position in the crypto market.
  • Market value of Bitcoin Cash was 5,945,116,293 USD.
  • BCH is currently trading at $329.14 at 07:25 UTC.
  • 24-hour volume figures are $1,130,989,859
  • 17,944,538 BCH coins are being traded now.
  • ROI of BCH stands at -40.41%.

BCH Price Analysis and Future Predictions:

If we compare the current trading price of the coin with its lowest value of the last month which was $262.34 on 14-July-19 at 23:30 UTC, BCH indicates a bullish trend by 25%.

The Chaikin Money Flow indicator also points out that the present movement of BCH is an upward one.

We anticipate that BCH will continue to rise upwards and may reach around $330 by the end of the day tomorrow. It is mostly traded in the range of $332 to $345 this month until now. By the end of this year, BCH can reach close to $550.

Conclusion:

BCH has managed to bounce reasonably well over the past month, despite the fall in price to $262.34, the coin has still been able to turn around the bearish run. Investors can go along with their investments in BCH as it is the coin of long-term and will fetch enough gains to the investors and traders.

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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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