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Price Analysis

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

  • BCH may go bullish to climb upto $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 upto $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 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 BCH token to gain mass adoption, which may further push this crypto towards rising trends.

Conclusion:

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

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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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