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Price Analysis

Bitcoin Cash Price Remains at $300 Despite 2% Devaluation

Bitcoin Cash is one of the major coins of the market and like all other coins; it also faced volatility over the last 24 hours. However, the loss of almost 2% could not push the coin below $300. The coin has shown four major price swings in this period and the medium-term outlook of the BCH coin may get bullish.

Bitcoin Cash Price Analysis & Predictions

Bitcoin Cash got pushed from $310.92 to $303.46 between 01:20 UTC and 09:30 UTC. This is a fall of 2.40%. The next swing happened between 09:47 UTC and 19:36 UTC and this swing of 2.80% cost the coin $8.61 and placed BCH price at $298.65. It was followed by a hike of 2.71% and this hike helped the Bitcoin Cash to reach $306.71 by 00:14 UTC today. The last one is a price drop of 1.70% and it pushed the BCH price to $301.47 as per the latest data.

BCH to USD Price Chart

Bitcoin Cash Price
Bitcoin Cash Chart by TradingView

Bitcoin Cash has been able to sustain its price around $300 despite a 2% cut in the last 24 hours. The next significant resistance is likely to come at $309.51. And the medium-term outlook for the Bitcoin Cash is expected to be bullish.

Bitcoin Cash (BCH)Resistance & Support Levels
1st Resistance$309.51
2nd Resistance$314.89
3rd Resistance$319.13
1st Support Level$299.89
2nd Support Level$295.65
3rd Support Level$290.27
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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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