Bitcoin Cash (BCH) Price Analysis: BCH’s Probability To Grow Is Assured Due To Its Upcoming Hard fork

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Majority crypto investors are of the opinion that this coin has more perspectives in this year. In 2017, BCH’s maximum price was $4091, and in last year, it reached a height of $400-$600 but in 2019, there are so many updates, and a new hard fork is going to take place today; so, all these together have created great opportunities for BCH. For example, The US Securities and Exchange Commission will be making another big decision on Bitcoin ETF. So, keeping an eye on Bitcoin Cash is a must for the investors to decide when to splurge on this crypto.

Current status:

Bitcoin Cash Price Chart

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  • Present market cap: 6,351,249,886 USD
  • Market value: 357.23 USD
  • Market rank: 4
  • Circulating supply: 17,779,363 BCH

Price analysis and future price predictions:

The above chart shows that at present BCH is getting traded at 358.07 USD or 0.05040040 BTC (UTC time 05:37). Its present 24h volume has a volume worth of 3,748,857,590 USD. The same chart shows that approx. 1 month earlier, BCH had a trading value of 300.12 USD. So, within this approx. 1 month, the value of BCH has been increased by 19.30% with 295.48 USD as a good support resistance.

Based on the current price analysis and keeping in mind about its upcoming consequences of hard fork, we believe that it can trade around $1500 by the end of this year, provide the market volatility is reduced to a great extent.

Conclusion:

BCH has high hopes from its investors. With today’s hard fork, it is expected that it can rise to a great extent. But as the market condition is very fluctuating, its hard to assure of its stability. Since majority crypto analysts think that volatility will be reduced by the end of this year so, it is expected that it can have a good value by the end of 2019.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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