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Price Analysis

Bitcoin Cash Price Reflects Moderate Hike; Expected to Regain Stability at $300

Bitcoin Cash’s intraday movement fetches minimal profits. The coin seems to have reflected a stable price trend and has settled around $300 and beyond from fairly a week now. The same is an indication that BCH is trying hard to keep up. The coin gets widely influenced by Bitcoin (BTC). Today, Bitcoin price is trading around $10,300 and it has been more than 8-10 days now that the coin is stably above $10,000. The recent escalation is not massive but, has the potential to help Bitcoin Cash.

Bitcoin Cash Price Analysis & Forecast

BCH Price Chart
Bitcoin Cash Chart by TradingView

Yesterday, BCH started the trading day around $299 price range. Moving further, BCH price felt a pullback as the coin dropped to $295 by 1.35%. The trend recovered after the heavy drop and a 1.84% hike took the price of Bitcoin Cash to $301. The coin dealt at the same level for the rest of the day and closed with a profit of 0.25% at $300. However, the steep downfall in the price of BCH today took the coin from $300 to $296 by 1.41%. Later, the price moved up to $297 and is presently dealing around the same counter.

Bitcoin Cash is one of the top performers of the crypto market. The coin has crossed the storms and kept its position tight. The loyal investors remained with BCH coin with an outlook of profit. We are also positive that the future is quite flourishing.

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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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