Bitcoin Cash Price Analysis: BCH Records 9% Downtrend in 7 days Trading Below $310

  • BCH may go bullish to climb up to $350 again in the next 2 weeks
  • BCH may close today at $310 or above

The last 7 days have been a bumpy ride for the BCH token holders especially when the coin slumped steeply from $357 to $276. But, this may change soon and it may rise up to $350 again in the next 2 weeks of this month. The current market statistics also indicate a surging trend ahead when the coin may also cross $350 value for a brief moment.

BCH to USD Price Statistics:

In the last 7 days, BCH token has recorded a downtrend of over 9% dipping from $336.42 to its current value at $306.08 as on August 18, 2019, at 08:27:09 UTC. The coin started climbing up in the beginning and surged up to $357.49, but then it dropped almost steeply to reach as low as $276.22 around August 15. BCH to USD has picked up some pace since then and may cross $310 soon.

Bitcoin Cash price chart August 18
Bitcoin Cash Price Chart by Trading View
  • The price of BCH token is now $306.08 and 0.03015062 BTC
  • The market cap has reached $5,495,593,966
  • The ROI of the coin stands at -44.94%
  • The circulating supply is now 17,953,788¬†BCH

The lowest recorded value of BCH token yesterday was $301 and it is already much above this value today. The coin seems to be headed in an upward direction and may take its traders on a sudden upward surge by climbing up to $310 soon.

Bitcoin Cash Price Prediction:

The highest recorded value of Bitcoin Cash in the last 90-days was $522 and in the last 30 days, it was $353. The coin may cross $350 by the end of this month and may start trading between $350 and $500 in the next 2 months. It is only a matter of time for the BCH token to gain mass adoption, which may further push this crypto towards rising trends. According to CryptoNewsZ’s BCH Price Prediction, the BCH coin’s growth seems to be comparatively slower & the coin’s downtrend has started. The short-term investment might turn risky.

Conclusion:

This can be regarded as a good phase to plan long term bulk investments in the BCH token and save for future benefits.

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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