Price Analysis

Bitcoin Cash (BCH) Price Analysis: Bitcoin Cash Reveals Register for iOS Devices; Bullish Days Ahead

eToro
  • After Android, BCH launched Cash register for iOS devices.
  • The medium-term outlook is bullish; the target price is $1000.

Bitcoin Cash (BCH) has recently launched a free point-of-sale (PoS) solution, Bitcoin Cash Register for Android devices. And now the same is live for iOS users. This is great news for numerous iOS users. This Cash register allows any user with an Android-based smartphone to accept BCH payments. This step was taken as a part of the company’s vision to put Bitcoin Cash in the mainstream. With the help of the same register, the retailers also can accept BCH payment easily from the customers. An official tweet confirms that no prior registration is needed for using this register, and all the transactions are done in a non-custodial manner. These developments will have a positive impact on Bitcoin Cash. We predict a bullish medium-term for BCH. The target price should be 1000 USD. Let us now look at the current figures of this coin.

BCH Current Price Statistics-

Bitcoin cash chart

eToro Crypto
  • Bitcoin Cash (BCH) is the 4th largest coin in the market.
  • The ROI (Return on Investment) stands at negative 20.70%.
  • A total of 17,805,900 BCH coins are in current circulation.
  • The market cap as on 28th May at 03:07 UTC stands at 7,704,499,026 USD.
  • The value of each coin stands at 438.21 USD and 0.04943310 BTC.
  • The 24h volume stands at 2,954,340,484 USD.

BCH Price Comparison-

Bitcoin Cash (BCH) started the year with very low pricing. The lowest point of the coin was 29th January when the coin was at 108.43 USD.  At the onset of April, the coin gained 79.22% in just 2 days. The market cap on 28th April was 4,683,728,399 USD, and the value of each coin was 250.36 USD. The current market cap and the value of each coin are respectively 64.49% and 75.03% more than the figures for last month.

BCH Price Prediction-

We have already mentioned that there is an anticipated bullish medium-term outlook for BCH. The next resistance point will be there at 500 USD and 600 USD. By the end of 2019, the coin will be traded at 1000 USD minimum.

Conclusion-

Looking at the prediction target price, this seems to be the best time for diving in. Long-term holders should aim for at least 3 times their current investment in a year’s time.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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