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Price Analysis

Bitcoin Cash Price Takes an Upward Turn; BCH Pulls Bitcoin Out of the Plunge

  • The price escalation in Bitcoin Cash looks promising.
  • The traders should dig in with a high prospect of profit.

Bitcoin Cash (BCH) opened the day with a positive sign. The traders in Bitcoin are expected to book a huge profit in intraday trading. The crypto market is also seen dealing with a profitable digit. There are speculations that it would close the day at an astounding number.

However, Bitcoin (BTC) started the day with the bear. It took a couple of hours for the coin to recover. The coin is now dealing with the bull and seems like Bitcoin Cash (BCH) helped Bitcoin (BTC) to come out of the price trend.

Current Statistics of Bitcoin Cash:

The chart is taken from Trading View on September 10, 2019, at 10:19:33 UTC for price analysis.

Bitcoin Cash Price
Bitcoin Cash Chart by TradingView

Yesterday, the coin opened with regression of 0.87%. The price slipped from $301 to $299. Later, the coin climbed from $299 to $310 by 3.68%. Further, the coin booked another escalation of 2.50%. The price counter changed from $302 to $310. The intraday progression of 2.78% as the coin closed at $310. Today, the coin opened with a drop. The price fell from $310 to $305 by 1.51%.

Summary of the statistics:

ParticularsBitcoin Cash (BCH)
Price306.50 USD
Rank4
ROI-44.95%
Market cap5,506,604,913 USD
24hr volume1,403,437,317 USD
Circulating supply17,995,388 BCH

Bitcoin Price Prediction and Conclusion:

Bitcoin Cash (BCH) was seen dealing at the $307 a week ago. The coin is back to the level after battling a downtrend. The stability in the coin is evident. The investment in Bitcoin Cash will give a prosperous result.

The traders interested in the coin should dig in for a long term plan. The same would help them to book huge dividends.

 

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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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