Price Analysis

Bitcoin Cash Price Analysis: Bitcoin Cash (BCH) Lost by Double-digit. What is Next?

  • Bitcoin Cash (BCH) lost more than 20 USD in the previous 2 days.
  • By the end of 2019, the coin is likely to roam around 850 USD.

Local.bitcoin.com, a peer-to-peer trading platform, is now live, and it has started its operation of facilitating users to buy and sell Bitcoin Cash (BCH). These little developments were predicted to bring good times for the coin. But what happened with BCH in the last 2 days was unprecedented. Bitcoin Cash (BCH) has been down by almost 20 USD in the previous 2 days. If we look at the intra-day path of the coin, we can see the coin has gone as low as 376 USD in the last 24 hours. But we believe that this phase is temporary for the coin and the coin may swing to the bullish side of the graph soon. Bitcoin cash (BCH), as per our prediction, may see a bullish medium-term. By the end of 2019, the coin may be roaming around 850 USD. Let us analyze the current details of the coin.

Bitcoin Cash Current Statistics-

Bitcoin Cash Price Chart - 10 June

Bitcoin Cash (BCH)10th June, 02:22 UTC
Rank5th
Bitcoin Cash ROI-31.87%
Circulating Supply17,829,450 BCH
Market Cap6,754,855,017 USD
Value in USD377.31 USD
Value in BTC0.04966829 BTC
24h Volume1,324,164,570 USD

Bitcoin Cash Price Comparison-

Bitcoin Cash (BCH) has shown considerable stability for the first part of the year. The lowest point of the coin was on 29th January when the coin was being traded around 109.47 USD. The early growth was noticed on 25th March when the coin gained over 101% in just 13 days from the price mark of 157.58 USD. But the momentum was lost, and the coin started to fall. Bitcoin Cash (BCH) fell by 25.60% over 13 days. The Market Cap on 10th May was 5,081,587,352 USD, and the value of each coin was 286.82 USD. The current market cap and the value of each coin are respectively 32.92% and 31.54% more than the figures for last month.

Bitcoin Cash Price Prediction-

Though there is a significant fall in the price of BCH, the medium-term is going to be bullish. The fall is temporary, and this might have caused because of the price correction. By the end of 2019, the coin will have its price of around 850 USD.

Conclusion-

The coin has lost 20 USD on its previous value; this makes it a reasonable time to buy new coins. A long-term holding will give a significant profit on the current investment.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.
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