Bitcoin Cash Price Analysis: BCH Stable At $335, How Long Will It Take To Instigate A Price Rally?
The price of BCH was $415.8 on 8-July-18 at 10:00 UTC. The performance of the coin was quite good with prices remaining stable until 10-July-19. With two sharp falls, the price of the coin fell as low as $317.2 on 11-July-19 at 03:30 UTC. It did manage to rise upwards but only for a short term as price of the coin fell again to its lowest value of $271.5 on 15-July-19 at 04:00 UTC. From 24-July-19 the coin seems to have picked up the pace and started to gradually rise upwards.
Current statistics of Bitcoin Cash:
- Bitcoin Cash is ranked at 4th position in the crypto market.
- Market value of Bitcoin Cash was 6,033,144,602 USD at 07:34 UTC.
- BCH price is $335.2 at 07:50 UTC time.
- 24-hour volume figures are $1,215,655,177.
- 17,935,650 BCH coins are being circulated at present.
- ROI of BCH stands at -39.53%.
BCH performance over the past one month is as below:
BCH Price Analysis and Future Predictions:
If we compare the current Bitcoin Cash price with its lowest price of $271.5 in the said time frame, BCH indicates a bullish trend by 23%.
We anticipate that the same trend may continue for the coin and it can reach $337 by tomorrow. It is expected to trade in the range of $337 and $340 in this month. To Know more about Bitcoin Cash Prediction, you can check the CryptoNewsZ forecast page to learn about the Bitcoin Cash price trend, its future price & market value. BCH can reach close to $550 by the end of this year.
The Chaikin Money Flow indicator points out that the present movement of the coin is bearish.
Experts advise going short with the BCH investment today as per the present trend. However, we strongly believe that BCH has bounced back well and has provided 23% growth since the past 15 days; hence the coin will manage to rise upwards with prices reaching $337 by tomorrow. BCH can offer huge returns if being traded with a long-term perspective; short-term goals may not be fruitful for the coin.