Bitcoin Cash Price Analysis: BCH Under Selling Pressure, Drops To $470

Bitcoin broke the single digit counter and entered in double-digit counter on the chart on 21st June. The upsurge continued in yesterday’s market and surprisingly touched $11,000. The price rush affected the entire altcoin market. The effect of the price upsurge was also on Bitcoin cash. The coin crossed $500 in the market yesterday.

The investors are eyeing on $600 after the sudden jump as Bitcoin is also expected to touch $12,000 in the coming days. However, we believe the coin might come under selling pressure, but the coin will revive soon.

Let’s have a look at the current statistics of Bitcoin Cash:

Bitcoin Cash Price Chart - 23 June
Bitcoin Cash Price Chart
  • The price of Bitcoin Cash is USD 476.26.
  • The coin is the 5th rank in the market.
  • The 24hr volume of Bitcoin Cash is USD 3,537,214,018.
  • The market capitalization of Bitcoin Cash is USD 8,502,755,709.
  • The Return on Investment of Bitcoin Cash stands at -14.32%.
  • The circulating supply is at 17,853,300 BCH.

As per the chart of Bitcoin Cash of 23rd June 2019, at 10:38:51 UTC, the coin opened at $438.5 in yesterday’s market. The coin kept moving upward and touched $463.5. The coin slipped from $463 to $434 by 6.43%. The coin picked up its pace and climbed up by 17.84%. The price hiked from $434 to $511. However, the coin dropped immediately from $511 to $467.

Today, the token opened with a bullish trend and jumped from $476 to $498 giving an impression of 4.16% profit. The coin is presently dealing at $473.6.

Bitcoin Cash Price Prediction and Conclusion:

Bitcoin Cash is experiencing selling pressure and hence dripping on the chart. The downfall is showing no stability, hence, the same would be recovered soon. The investors looking for a high dividend from Bitcoin Cash will have to be little more patient with it. As per Bitcoin Cash Prediction, we can assume that Bitcoin Cash’s future looks brighter, so we would recommend the investor to keep it tight for a while.

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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