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Price Analysis

Will Bitcoin Cash Price Go on An Upward Swing?

Bitcoin Cash price has undergone a lot of variations due to the ongoing bearish sentiment in the crypto market. However, the price trend over the past seven days has given the investors some reason to smile as the price though under bear pressure has still managed to move above the baseline. The price of Bitcoin Cash has been fluctuating in the range of $293 – $310, indicating that BCH coin is trying to move upwards.

Bitcoin Cash Price Analysis & Forecast

The price of BCH coin has seen a lot of variations with the bears continually putting pressure on its price over the past seven days. Still, the Bitcoin Cash price has managed to hold its ground over the past 2-3 days and has been rising. From a high of $306.3095 on September 10, the price fell to $293.9935 on the next day to the extent of 4.01%. On September 12, BCH price managed to make a recovery at $301.5392 to the tune of 2.49%. But again, within a day, Bitcoin Cash went down to $297.5062 to the extent of 1.29%. From here, BCH price started moving upwards and reached $309.6053 on September 16 to the tune of 4.07%. Today the price has fallen slightly to $307.3630, fall being to the extent of 1.04%.

BCH to USD Price Chart

Bitcoin Cash Chart
Bitcoin Cash Price Chart by TradingView

Bitcoin Cash price had a moderate opening at the beginning of the year, and it continued this flattish trend till April. From April, the bulls took over and the price surged in the upward direction till the end of June. Then, the bears set in the crypto market and turned the tide for Bitcoin Cash and the price started going downwards. Now, BCH price is still reeling under bear pressure but somewhat showing a stable run. The short-term trend is expected to be bearish and the price is expected to move upwards by the year-end.

Long-term investors should hold on to their investments as the current market scenario may not give much returns. Short-term investors should invest only at their own risk.

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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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