Bitcoin Cash Price Analysis: Bitcoin Cash (BCH) Rises Above $320, Shows an Intraday Growth

  • Bitcoin Cash shows over 6% growth in the past 24 hours.
  • BCH is expected to have a crossover beyond $350 soon.
  • The required rush in the momentum seems to be initiated.

Bitcoin Cash price rises above $320 and makes a phenomenal growth mounting from $302 to the current trading price of $322.31 in a matter of just 24 hours. This reflects the potentiality that the coin holds. The current trend indicates an uptrend in the market with respect to BCH. The BCH price seems to come out of the selling pressure. Bitcoin Cash has exhibited twice the growth since the start of the year until now.

BCH to USD Price Chart by TradingView:

The chart is a data feed from Coinbase as on 19th August at 11:21 UTC.

Bitcoin Cash Price Prediction
BCH Price Chart by TradingView

Bitcoin Cash Price Comparison:

Bitcoin Cash seems to be back in the trading game with a bang for the investors and traders. The intraday traders will be earning bountifully as the coin has grown by over 6% from $302.30 to $322.31. Inevitable to note that the coin has even topped as high as $325.16 in the past 24 hours. At the onset of 19th August, the coin had a slight pull back where it valued at the lowest price of $313.44 but did not slip below $310. The coin did not really pressurize in the circle and is currently trading with a spike of 2.82% at $322.31.

Bitcoin Cash has grown as high as $522 in the past 90- days and the target for the year end remains nearly the same. The coin needs to have an upward trend in the oscillation to pay out well. Bitcoin Cash short term price prediction says that BCH’s price movement is currently improving & traders looking for investing in Bitcoin Cash can pick a long-term period. Short-term investment might be risky in BCH. Apart from all these, go through the BCH coin price prediction page to get more information for the price of the coin for upcoming years to plan when to invest in it!

Technical Indicators:

The current trading price of the coin is slightly below its 30-day SMA ($321.03) and 30-day EMA ($328.07). With this coin is attempting to sail the selling pressure it was topped with.

The MACD of the coin just had a bullish crossover as the MACD line crossed the signal line.

The RSI of the coin just had an overbought phase when the price touched $325, but currently slips in the range with a greater inclination towards the upper hand.

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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