Price Analysis

Bitcoin Cash Price Analysis: Bitcoin Cash (BCH) Gains Huge in 1 Day; Price Rally is Looming

eToro
  • Bitcoin Cash (BCH) manages to go beyond 445 USD.
  • The coin may find resistance at 449 USD.
  • The goal for 2019 remains unchanged at 850 USD.

Bitcoin Cash (BCH) has proved itself as one of the significant coins paying out huge returns. BCH has been struggling for the last few days to get good growth, but the last 24 hours have helped the coin to ride on fire. Yesterday between 00:04 UTC and 01:49 UTC, the coin managed to get 3.63% increment. The next hike happened between 08:40 UTC and 10:32 UTC. This hike helped the coin to gain 5.16%. Soon after this hike, there was a fall of 3.07%, which happened between 30 minutes. Over the next 11 hours, the coin has managed to grow 6% to reach beyond 450 USD. But since last few minutes, the coin is on a downtrend. The medium-term of the coin has a bullish outlook. By the end of this year, the value is likely to be around 850 USD. Let us look at the current details of the coin from Bitcoin Cash Chart.

BCH Price Statistics-

Bitcoin Cash Price Chart - 22 June
Bitcoin Cash Price Chart
Bitcoin Cash 22nd June 03:38 UTC
Rank 5th
ROI (Return on Investment) -19.20%
Coin Circulation 17,850,925 BCH
Market Cap 8,049,703,906 USD
Value in USD 447.07 USD
Value in BTC 0.04159234 BTC
24h Volume 2,045,884,274 USD

BCH to USD Price Comparison-

At the initial period of this year until now, the coin faced one fall of 28.73%, which happened over 19 days. The onset of April brought a hike of 103.75% over 12 days, and a steep fall followed this hike. The fall occurred over 22 days, and it was of 26.35% from 317.01 USD to 234.13 USD. Then there was a sudden hike of 94.58%, which happened over 30 days. The market cap on 22nd May was 7,435,449,476 USD, and the value of each coin was 389.28 USD. The current market cap and the value of each coin are respectively 8.26% and 14.84% more than the values of the last month.

eToro Crypto

Bitcoin Cash Price Prediction-

As per our prediction, the year’s ending may see the value near 850 USD. The next resistance points are 449.35 USD, 459.25 USD, and 477.34 USD. The support levels are at 421.36 USD, 403.27 USD, and 393.37 USD.

Conclusion-

The next resistance point is approaching at 449 USD. Intraday traders need to stay cautious of this point while trading. A long-term investment is required for gaining huge returns. You can check Bitcoin Cash Price Live from our BCH price page with live price chart.

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.

Related Articles

Back to top button