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Price Analysis

Bitcoin Cash Price Analysis: BCH Maintains the Bullish Run, the Same Trend to Continue for few more Days.

BCH’s price was at $316.5 on 15-Aug-19 at 00:30 UTC and the movement were bullish has. On the same day at about 06:15 UTC, there was a very sharp fall, and the price fell to an all-time low of $275. Post the said date the coin has slowly started to rise upwards. There were a couple of falls on 16-Aug, and 17-Aug and price of the coin fell to the level of $300.7. Despite the falls, the BCH coin has still managed to maintain its efficiency levels and has been maintaining the bullish run at $320.7 today.

BCH to USD Price:

Bitcoin Cash price chart - Aug 20
Bitcoin Cash Chart By TradingView

Current Statistics of BCH:

  • BCH is at present ranked at number 4 as per Coinmarketcap.
  • Market Cap value of Bitcoin Cash was 5,770,390,950 USD at 07:04 UTC.
  • BCH is valued at $320.8
  • 24-hour volume figures are $1,145,923,073
  • 17,957,113 BCH coins are being traded now.
  • ROI of BCH stands at -42.15%.

Bitcoin Cash Price Predictions and Comparison:

Comparing the price of the Bitcoin Cash since its lowest level, which was $275.5 5 days back and the present price, the coin reflects an upward rise by 16%. We anticipate that the same trend may continue for the coin and it can reach $324 by the end of the day tomorrow. After a period of about seven days, it can reach as high as $334 with an increase of more than 4%.

Conclusion:

As per today’s trend of BCH, you may wish to purchase new coins or sell the existing coins in hand as per your discretion. The Chaikin Money Flow indicator also points to the fact that the present trend of the BCH coin is bullish. Since the past 5 days, BCH has managed to bounce back quite well, and despite the fall of $275.5, it is still maintained its performance and has managed to reach $320 today. This indicates the huge potential of the coin, and in the coming times, BCH will continue to grow further and offer more dividends.

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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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