- Bitcoin Cash (BCH) price digs deep with the intraday movement.
- The recovery in the coin to get delayed.
Bitcoin Cash (BCH) price started the fall from yesterday. The coin tried to come out of the pressure, but couldn’t. BCH gets widely influenced by Bitcoin (BTC). Yesterday, Bitcoin was seen moving up in the market. We were anticipating that Bitcoin would help Bitcoin Cash to come out of the fall.
Well, the expectations got ruined when Bitcoin (BTC) opened with a bearish trend today. For the rest of the day, there are not many expectations from the coin. Let’s have a look at the price chart.
BCH to USD Price Chart:
The chart is taken from Trading View on 25th August 2019 at 05:20: 10 UTC for price analysis:
The price chart is indicating a heavy fall in the price of the coin. On 23rd August, the coin opened with a slight escalation. The price counters changed from $310.2 to $310.7 by 0.15%. Later, the price escalated from $310 to $314 by 1.32%. The coin touched a high at $318 and closed at $314. The intraday loss was of 1.30%. Yesterday, the coin experienced a heavy fall of 4.52% from $314 to $300 by 4.52%. The coin recovered and closed at $304. The intraday loss was of 3.17%. Today, there is not much movement in the price. It is still dealing at $304.
Statistics of Bitcoin Cash:
|Circulating supply||17,966,250 BCH|
Bitcoin Cash Price Prediction and Conclusion:
Bitcoin Cash (BCH) is counted among the most promising coins of the crypto market. The currency has always resulted in favorably for the traders. We are anticipating for a price rally after the current drop is passed. Bitcoin Cash is speculated to take a long leap in the rally. Altogether, investing in BCH wouldn’t go futile.
The traders are recommended to dig in for the long-term to earn a colossal profit.