Price Analysis

Bitcoin Cash Price Analysis: BCH Price Grows By 98% Since The Beginning Of The Year

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BCH started off the year with being at $168.8 on 2-Jan-19. From the period of January till March, the coin has moved at almost the same pace with the trend being bearish. The scenario changed for the Bitcoin Cash with a sharp rise on 3-Apr-19 with prices touching as high as $300.8. Despite the few falls in April and May, the coin still managed to outcast its previous high figures and successfully reached $477.7 on 22-June-19. However, it was not able to sustain the performance and fell to $280.9 on 16-July-19. Over the past month, the coin has managed to bounce back from $280.9 to the current price of $334.5, which shows the huge potential of Bitcoin Cash.

Current Statistics of BCH:

  • Market Cap of Bitcoin Cash was 5,951,945,426 USD.
  • BCH price is trading at $334.5.
  • 24-hour volume is at $1,491,685,434.
  • 17,933,188 BCH coins are being traded.
  • ROI of BCH stands at -40.26%.

Let us look at the overall performance of the Bitcoin Cash:

BCH Price Prediction
BCH Price Chart by TradingView

Bitcoin Cash Price Prediction And Conclusion:

If we compare the current Bitcoin Cash price with the price of 2nd Jan, the coin is reflecting an upward trend by 98%, which is phenomenal. We anticipate that Bitcoin Cash will continue with the bullish run and may reach close to $335 by the end of the day tomorrow. It may cross $350 in the upcoming weeks.

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As per the present movement of the BCH coin, it is advisable to purchase new coins. It is important that as an investor, you can retain the new coins for five or more years as it will yield better returns. The coin has given close to 100% growth to all its investors as per the YTD figures, which shows that BCH is a great investment option.

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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