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Price Analysis

Bitcoin Cash Price Analysis: BCH Price Escalated By 9% Since Yesterday’s Fall

BCH coin was valued at as low as $277.9 on 16-July-19 at 19:00 UTC. With a couple of price surges over the next few days, Bitcoin Cash managed to reach $340.8 on 20-July-19 at 16:30 UTC. However, it could not maintain its performance at this level and started to decline. Towards the end of July, BCH coin managed to bounce back and despite the falls reached $355.4 on 14-Aug-19 at 02:30 UTC. Bitcoin Cash could not sustain the bullish run and fell to the level of $283.7 yesterday at 06:00 UTC. We believe that BCH coin is slowly beginning to gather up its pace and seems that the prices will rise soon.

Let us look at the price analysis of BCH:

Bitcoin Cash Price Prediction
Bitcoin Cash Price Chart by TradingView

Current Figures of BCH:

  • Market Cap of Bitcoin Cash was 5,476,830,934 USD.
  • BCH price is trading at $305.6.
  • 24-hour volume is $2,039,683,923
  • 17,950,150 BCH coins are being traded now.
  • ROI of BCH stands at -45.11%.

BCH Price Prediction & Conclusion:

If we compare the price of the Bitcoin Cash since its lowest value, which was $277.9 on 16-July-19 and the current price, BCH coin reflects a price surge by 9%.

Since yesterday’s fall, the coin has still managed to bounce back quite well within a day’s time. We believe that Bitcoin Cash price may continue to rise.

The movement of the coin has seen several rises and falls over the past one month. BCH coin has managed to bounce back whenever the prices have seen a drop. Over the past one-month, Bitcoin Cash has been overbought as well as an oversold couple of times, now the number being circulated seems neutral. BCH coin has very good potential, and if invested from a long-term vision, it can yield high returns.

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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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