Price Analysis

Bitcoin Cash Price Analysis: Bitcoin Cash (BCH) Becoming A Priority For Merchants Over TravelbyBit!

It has been recently tweeted how Bitcoin Cash is becoming one of the favorite modes for the merchants in Australia. Some merchants of Brisbane Australia are feeling more comfortable with BCH acceptance because of its competitive speed and low fees. They seem to drop TravelbyBit these days.

But is that going to increase the users in the region easily? Or let’s see if the price valuation is affected by any such usages.

Price Analysis From Bitcoin Cash Price Chart:

AT UTC 06:17, BCH is trading at $422.17 as on 15th June 2019. The remaining essentials are as follows:

Return on Investment-24.22%
Market Ranking5
Circulating Supply17,838,675 BCH
Total Supply17,838,675 BCH
Market Cap7,514,814,619 USD
24 Hour Volume1,793,508,682 USD

Bitcoin Cash Price Comparison:

Bitcoin Cash Price Chart - 15 June

Analyzing the statistics from past 5 days Bitcoin Cash chart, the value right now is trading in the bullish zone, which means the value is gradually surging upwards. The lowest of the value in the said time frame was seen on 10th June when the trading value was $374.67. The value today has increased by 12.6% after the same.

The highest, in the time frame, was realized 2 days back on 13th June, when the coin was trading at $424.87. However, the value now has dropped off 0.6% only, which may not be a serious concern to the traders yet. Comparing the statistics, the value might surge in the same direction with increasing popularity and acceptance of Bitcoin Cash in different global regions.

Bitcoin Cash Price Prediction & Conclusion:

To bid in the safer zone, traders might want to consider resistance level and support between $447.266 and $390.058 respectively. The market right is following a bullish Trend as of now. By the end of the year, BCH might touch $850, but investors must keep a close look at the trend all times.

If you are new to the trends of BCH, you might want to buy fresh coins right now and patiently wait for the profits to be achieved. And for those, who already have the same in their portfolios, must branch till the end of the year or till the start of 2020 for better considerable gains.

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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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