Price Analysis

Bitcoin Cash Records 17% Downtrend Within A Day, Dipping Below $300

  • Bitcoin Cash’s sudden dip below $300 concerns traders
  • BCH may reclaim $300 by the end of the day

In the last 7 days, the highest recorded value of Bitcoin Cash (BCH) was around $353 and it has declined almost suddenly within a day to trade below $300. The current market performance of the coin is below normal expectations of the traders and the coin may recover soon from these bearish trends.

Bitcoin Cash Price Statistics:

In the last one day, BCH token has recorded a downtrend of over 17% dipping from $356.03 to its current value at $295.06 as of August 15, 2019, at 09:00:27 UTC. The coin traded above $350 till noon but then started dropping drastically to reach as low as $267.44 during the beginning of the day today. It has gained somewhat pace in the last few hours and may cross $300 again by the end of the day.

  • The price of BCH is noted to be $295.06 and 0.03043820 BTC
  • The market cap of the coin is now $5,285,670,948
  • The 24 h volume is noted to be $1,979,576,432
  • The ROI of the coin is now -46.34%
  • The circulating supply has reached 17,948,438 BCH

The lowest recorded value of BCH yesterday was $310, and it may rise up to this value by the end of today, making it the highest recorded value in the day. The coin may take another two to three days to start trading above $350 again.

Bitcoin Cash Price Prediction:

BCH gave a ray of hope and excitement to the traders by rising up to $353 yesterday, but it was only for a brief moment, and it soon stumbled down to $260. Since the beginning of the year, BCH token has recorded good progress rising from $160 to trading as high as $522 in the last 90-days. It has recorded over 4X growth in the last 7 months. BCH may pick up momentum by the end of this month. 

Conclusion:

BCH token is long-lasting and highly profitable in the future and hence filling it up in the stock is a good option now.

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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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