Price Analysis

Bitcoin Cash Price Analysis: Bitcoin Cash (BCH) Price Back To $400 After Breaching $420

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Bitcoin Cash took a miraculous jump till $420. The coin surprised all in the market by the upsurge. However, the price couldn’t sustain itself at the level and fell. The coin is back to $400 from where it started yesterday.

The coin has recently shown a lot of potential improvement in the price chart. Despite the tremendous fall the coin held itself well and didn’t let the drop affect much. The coin is expected to rise on the BCH chart in the coming time.

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Let’s have a look at the statistics of Bitcoin Cash (BCH).

BCH to USD Price Comparison:

The chart is taken from TradingView on 07th July 2019, at 03:13:43 UTC.

Bitcoin Cash Price Chart - 7 July 2019

Current statistics of Bitcoin Cash:

  • The BCH price is trading at 402.90 USD.
  • The ROI is marked as -27.52%.
  • The 24-hour volume of BCH is noted as 1,347,178,568 USD.
  • The market cap stands at 7,203,050,402 USD.
  • The circulating supply has 17,878,200 BCH.

The price of Bitcoin Cash opened with a slight drop in price tomorrow. The counters changed from $403 to $402. Later, the coin maintained the hold at $405. The significant hike took the price up by 4.37% from $401 to $418. The coin tried to keep it tight around $418 but dropped and closed at $404.

The coin opened with a downfall today. The price changed from $403 to $400. The decrease noted in price of the coin was of 0.61%. Bitcoin Cash is expected to remain the same for the rest of the day. Towards the day end, the coin could rise on the chart again, but the chances are extremely thin.

BCH Price Prediction and Conclusion:

Bitcoin Cash is highly affected by the Bitcoin price. BTC is expected to rise on the chart again and with a massive upsurge. The same trend will take Bitcoin Cash prices up. Altogether, the future of Bitcoin Cash is dreamy and good.

By the end of 2019, the Bitcoin Cash is expected to trade around $550. The long term investment in BCH is reflecting huge inclination in the price. The investors with long term plan can dig in the coin.

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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