Price Analysis

Bitcoin Cash Price Analysis: Bitcoin Cash (BCH) Loses 7% in 18 Hours; Bearish Days are ahead

  • Bitcoin Cash experienced three significant falls in the last 24 hours in the range of 30 USD.
  • The medium-term target should be 800 USD with 850 USD as the year-end target.

Bitcoin Cash (BCH) had just started winning the confidence of investors in the market, but yesterday’s fall again pushed the coin to the volatile coins’ club. In the last 24 hours, the coin has lost 18 USD per coin, which amounts to 4.16% fall. The coin experienced three significant falls and one up-trending movement in the last 24 hours. The range of the coin is 432 USD to 402 USD. A 7% range in the price over just 24 hours is vast for any well-established coin. And the falls were so steep that it did not give much space to the intraday traders to reorganize their investment. However, the medium-term is still bullish. And in the short-term, the coin is likely to rise after a short stint of fall. By the end of this year, the coin may see its price around 800 USD to 850 USD. Let us analyze the current details of the coin.

Price Statistics From Bitcoin Cash Price Chart-

Bitcoin Cash Price Chart - 19 June
Bitcoin Cash Price Chart
Bitcoin Cash19th June 04:27 UTC
Rank5th
ROI (Return on Investment)-25.36%
Coin Circulation17,845,813 BCH
Market Cap7,397,278,932 USD
Value in USD413.53 USD
Value in BTC0.04525066 BTC
24h Volume1,599,701,702 USD

BCH to USD Price Comparison-

Bitcoin Cash Price Chart - 19 June

The initial three months of this year have not been very active for Bitcoin Cash. However, the April boom pushed the coin to gain 91.58% in just six days from 166.51 USD. Like all other coins, BCH also fell by almost 25% in 13 days as soon as the impact of the April boom decreased. But by the end of April, the coin managed to grow by 70.59 % in the next 16 days from 29th April with a price mark of 234.80 USD. The market cap on 19th May was 7,230,610,247 USD, and the value of each coin stood at 416.46 USD. Between 9th June and 17th June, the coin managed to have a growth of 13.06%, which has put the coin to this value. The current market cap and the value of each coin are respectively 2.30% and 0.70% more than the values of the last month.

Bitcoin Cash Price Prediction-

Both the medium-term and short-term outlook are bullish for Bitcoin Cash. By the end of this year, the coin may get as high as 800 USD to 850 USD.

Conclusion-

Investors are advised to buy new coin only if they intend to hold them for long-term.

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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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