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Price Analysis

Bitcoin Cash Price Analysis: BCH Shows Marginal Growth Of 1.80% Since Last Week

BCH coin was priced at $308.6 on 17-Aug-19. There was a sharp rise the next day, and Bitcoin Cash price reached the highest level of $326 on 19-Aug-19. The price continued to be stable at $326.3 despite the few falls on the same day. However, it was unable to maintain its efficiency at this level and started to recede. Due to the continuous falls, Bitcoin Cash reached a low of $292.7 on 21-Aug-19. From 22-Aug-19, the coin has made a comeback and has managed to get back its momentum and has been able to rise upwards and touch $314.5 today. The coin may be traded today in the range of $311 – $316.

BCH/USD Price Chart:

BCH Price Prediction
BCH Price Chart by TradingView

Current Statistics of Bitcoin Cash:

  • Market Cap of Bitcoin Cash was 5,640,890,879 USD at 06:39 UTC.
  • BCH price is trading at $314.5 at 06:39 UTC.
  • 24-hour volume is at $1,331,158,080
  • 17,964,375 BCH coins are being circulated as on 24-Aug-19.
  • BCH offers a Return on Investment of -43.48%.

BCH Price Comparison and Future Prediction:

If we compare the price of Bitcoin Cash since its lowest price when it was valued at $308.6 on 17-Aug-19 at 13:00 UTC time and the current price, the coin indicates a bullish run by 1.8%.

If BCH coin continues with the same trend tomorrow, then the price may climb up to its yesterday’s high of $317. The CMF indicator also shows that the Bitcoin Cash is indicating an uptrend. BCH has huge potential in the long run. Trading on a short-term basis may not prove to be that beneficial as Bitcoin Cash is a very good investment option if being traded from a long-term perspective.

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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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