fbpx
Price Analysis

Bitcoin Cash Price Analysis: Bitcoin Cash (BCH) Price Steep Fall Steals all Hope from the Intraday Traders

  • 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:

Bitcoin Cash price chart - Aug 25
Bitcoin Cash Chart By TradingView

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:

Particulars Bitcoin Cash
Price$306.53
ROI-44.93%
Rank4
Market cap$5,500,174,174
24hr volume$1,336,659,218
Circulating supply17,966,250 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.

Tags
Show More

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

Related Articles

Back to top button