Bitcoin Cash Price Analysis: Bitcoin Cash (BCH) Provides Conducive Environment for Intraday Traders
- Bitcoin Cash (BCH) falls back to 427 USD, after showing huge price variations in the last 24 hours.
- The 2019 target remains unchanged at 850 USD.
Bitcoin Cash (BCH) has been on the top-priority list of many investors as the coin has given ample opportunities for short-term investors or intraday traders to lock high profits. Yesterday’s price level showed some signs of a stable outlook, but that for a short term. In the last 24 hours, the coin managed to give many high changes in the price level. Starting off at 427 USD, the coin experienced four major variations in the last 24 hours. The first push got the coin from 429 USD to 439 USD. And these figures sustained there for almost 4 hours. Then there was a steep fall when the coin lost almost 13 USD. However, the coin managed to get on its feet after that and managed to get back to 427 USD again. The price range of BCH in the last 24 hours is 427 USD to 439 USD. However, the medium-term outlook is bullish for BCH, and by the end of this year, the coin may get as high as 850 USD. Let us look at the current details of the coin.
Statistics From Bitcoin Cash Price Chart-
| Bitcoin Cash | 18th June 02:03 UTC |
| Rank | 5th |
| ROI (Return on Investment) | -22.66% |
| Coin Circulation | 17,843,788 BCH |
| Market Cap | 7,678,815,291 USD |
| Value in USD | 427.99 USD |
| Value in BTC | 0.04615495 BTC |
| 24h Volume | 1,454,073,382 USD |
BCH to USD Price Comparison-
The lowest point of the coin was on 29th January at 108.82 USD. The April boom in the market managed to give a huge push to almost all the coins, including BCH. Over 12 days, the coin managed to gain 100.78% during the boom. But that was not sustained for long. As soon as the coin reached 319 USD, it fell by almost 26% in the next 22 days. The market cap on 18th May was 6,489,477,282 USD, and the value of each coin was 358.12 USD. The current market cap and the value of each coin are respectively 18.32% and 19.51% more than the figures for the last month.
Bitcoin Cash Price Prediction-
As mentioned earlier, the sudden pushes are likely to bring the coin to the bullish zone in the medium-term. Therefore according to BCH Price Forecast, we can assume that the coin may be near 850 USD by the end of this year.
Conclusion-
The coin’s bullish outlook is going to be profitable for many existing investors. The more profitable will be the ones targeting long-term holding.
