Bitcoin Cash Price Analysis: Bitcoin Cash (BCH) Price Slips Down; Traders Need To Be Patient To Yield Profit

Bitcoin Cash (BCH) is currently not at its best. The coin is trading at $416. The said counter is the two days lowest price level. However, after the steep downfall, the coin is expected to recover.

Yesterday, the coin crossed $500. Bitcoin Cash hasn’t touched $500 since November 2018. The said escalation took place because Bitcoin was ruling the chart and anchoring many altcoins towards the hike.

Marketers believe that the coin is presently going through selling pressure, and in some, the coin would reflect recovery.

Bitcoin Cash (BCH) Current Statistics:

  • The price of Bitcoin Cash (BCH to USD) is at $419.48.
  • The Return on investment (ROI) is marked negative 24.54%.
  • The circulating supply stands at 17,860,463 BCH.
  • The 24hr volume is at $3,201,173,926 USD.
  • The Market Cap is noted as $7,492,063,719.

Bitcoin Cash price chart - 27 June

The Bitcoin Cash Chart is taken from Trading View on 27th June 2019, at 09:38:26 UTC.

The BCH chart is indicating a heavy price drop in the market. Today the coin opened at $481 and is now dealing at $416. The regression is around 14.07%.

If we closely observe yesterday’s BCH chart, the price during the opening hours was at $476. However, Bitcoin Cash closed at $480. The progression in price was about 0.95%. The day was quite extraordinary as the coin crossed $500. Bitcoin Cash touched $516 high and $465 low in yesterday’s chart.

Bitcoin Cash Price prediction and conclusion:

If we compare the price from the beginning of the year with Bitcoin Cash Price Prediction, the BCH market progression. The future is also expected to remain the same for the coming months. We are anticipating that BCH will close at $550 towards the end of 2019.

The long-term investment is anticipated to lay a positive result. However, the short-term investment is likely to be risky as compared to long-term investment.

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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