Bitcoin Cash Price Analysis: BCH Recovers From The Fall Of $305.2; Will It Maintain Its Performance Today?

BCH coin performance over the past 5 days has been somewhat unstable. On 7-Aug-19 at 13:00 UTC, it had reached a high of $345.9. For the next 2 days, Bitcoin Cash started to move downwards at almost the same pace. There was a sharp fall on 9-Aug-19 and price touched $308.9 at 10:55 UTC. Despite the rise, the next day there was another sharp fall and prices fell to the lowest value of $305.2 on 10-Aug-19 at 11:30 UTC. Since yesterday, the coin seems to have gathered back its efficiency and is slowly started to rise upwards.

Current Figures of Bitcoin Cash:

  • The Market Cap of Bitcoin Cash was 5,997,369,238 USD.
  • The current Bitcoin Cash price is trading at $334.3.
  • 24-hour volume figures are $1,244,074,878
  • 17,942,925 BCH coins are being traded now.
  • ROI of BCH stands at -39.94%.

BCH Price Prediction & Conclusion:

BCH Price Prediction
BCH Price Chart by Tradingview

If we compare the price of the Bitcoin Cash since its lowest value, which was $305.2 on 10-Aug-19 at 11:25 UTC and the current price, BCH indicates a bullish run by 9%. We anticipate that an uptrend will prevail for the BCH coin for tomorrow as well and the coin can reach its next resistance levels of $337. As per Bitcoin Cash Predictions, one can add Bitcoin Cash for the long term investment and short-term investment might be risky. We believe that Bitcoin Cash price may continue to rise.

The Chaikin Money flow indicator points that Bitcoin Cash is at present, reflecting an uptrend. We strongly recommend purchasing new BCH coins as per today’s trend. If you can retain the new coins for the long-term, it will help to gain great rewards.

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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