Price Analysis

Bitcoin Cash Price Analysis: Bitcoin Cash (BCH)’s Availability On Bitcoin.com Is Likely To Bring New Users

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  • Bitcoin Cash (BCH) is now available on Bitcoin.com’s Local Bitcoin Cash Marketplace.
  • The 2019 target should be on 850 USD.

Two important factors credited for the rise of crypto coins are its popularity and its accessibility. Recently, in order to increase accessibility Bitcoin Cash (BCH) added Bitcoin.com’s Local Bitcoin Cash Marketplace. It has been officially declared live for trading. Thousands of traders have signed up on the platform already, and the company claims to distribute around 2000 offers to the new users. In the official statement, Bitcoin.com said that on the honor of the 30th anniversary of the Tiananmen Square protests it had launched this trading platform. This is definitely a good advancement for Bitcoin Cash (BCH). The bullish projection of BCH is putting the coin to 850 USD – 900 USD price level. We should look at the current data of the coin to understand the path of growth. Let’s have look at Bitcoin Cash Price Today and other coin’s details.

Bitcoin Cash Price Current Statistics:

Bitcoin Cash (BCH) 04th June 02:21 UTC
Rank 4th
ROI (Return on Investment) -28.20%
Coin Circulation 17,818,638 BCH
Market Cap 7,132,030,236 USD
Bitcoin Cash Value in USD 396.80
BCH price in BTC 0.05001686 BTC
24h volume 2,231,259,418 USD

BCH Price Comparison:

BCH Price Chart

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For the first three months of 2019, Bitcoin Cash (BCH) has performed with much contempt in the market. The lowest point of the coin was at around 109 USD in this period only. However, the coin gained by a large percentage from 13th March. The gain was of a whopping 135.57% over 21 days. The market cap on 04th May was 5,185,536,985 USD, and the value of each coin was 287.26 USD. The current market cap and the value of each Bitcoin Cash price are respectively 37.53% and 38.13% more than the figures for last month.

Bitcoin Cash Price Prediction:

As mentioned earlier, Bitcoin Cash may go into a bullish period in the medium term. The gain which was made recently will be a long lasting one. By the end of 2019, the value may roam around 850 USD to 900 USD price level. The next resistance point is likely to be there at 450 USD and 500 USD.

Conclusion:

Buying fresh BCH coin is advised. But the target should be holding coins for the long term. Investors need to be cautious of any sudden change in the price.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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