Bitcoin Cash Price Analysis: Bear Bites Bitcoin Cash (BCH), Price Hovers Around $420

Bitcoin Cash (BCH) currently trades in the bearish zone. The recovery prospect of the coin is thin as the bearish trend is expected to last for a couple of days. However, Bitcoin reflected a recovery mode with the onset of the day in the market.

Bitcoin usually anchors Bitcoin Cash, but today BTC could not hold BCH for much time. A few days back, BCH climbed to $520, and the traders were eyeing for the coin to reach $550. The counters will be revived again in the market by the month of July.

The loyal investors of Bitcoin Cash (BCH) are relying on the coin to reflect recovery. Let’s have a look at the intraday movement of the coin to understand the momentum of the price.

Current Statistics of Bitcoin Cash (BCH):

Bitcoin Cash Price Chart - 29 June
Bitcoin Cash Price Chart
  • The coin is at the 4th rank in the crypto market.
  • The Return on Investment (ROI) is around -24.04%.
  • The market capitalization is marked at $7,543,291,900.
  • The price of Bitcoin Cash (BCH) is at $422.26.
  • The 24hr Volume of BCH is $2,183,909,309.
  • The circulating supply is at 17,864,013 BCH.

As per the chart is taken from Trading View on 29th June 2019, at 07:59:39 UTC, the coin is reflecting a downfall in the price. Today, Bitcoin Cash (BCH) opened at $434. The first minor drop took place at 00:40 UTC where the price slipped from $434 to $428 and booked a drop of 1.38%. The next was a major drop at 02:00 UTC when the priced slid down to $414 from $428. The decrease marked was almost 3.27%. The coin is currently trying to keep it tight at $419.

Bitcoin Cash Price Prediction and Conclusion:

The price of Bitcoin Cash (BCH) is likely to remain the same for the rest of the day. The recovery in price might take place from 1st July 2019. However, according to BCH Forecast, the coin is anticipated to give short-term and long-term investors good results. The coin is expected to trade around $550 by the end of the year.

Though, we would strongly recommend for diverging the investment to deteriorate the risk. You can check Bitcoin Cash Price Live on our price page, go & check out .

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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