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Bitcoin Cash Price Analysis: Bitcoin Cash (BCH) Price Seeks A Tremendous Rise Over 100%



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Bitcoin Cash Price Analysis: Bitcoin Cash (BCH) Price Seeks A Tremendous Rise Over 100%

Let us have a look at the performance of the Bitcoin Cash since the start of 2019. The coin was valued at $169.36 on 2-Jan-19, and the movement of the BCH coin was stable without any major rise or fall until the end of March. During this period, the movement of the Bitcoin Cash was moving almost in the same range. However, on 1-Apr-19, there was a sharp rise and Bitcoin Cash price reached $304.48. Post-April, the coin has seen several ups & downs and managed to reach $481.65 on 26-June-19. It could not maintain its performance at this level and started to recede. From 29-July-19 onwards, BCH price has started to show an upward movement, and we believe that the same trend may continue for another few weeks to come.

Current Statistics of Bitcoin Cash:

  • Market Cap of BCH coin was 6,228,068,782 USD.
  • Bitcoin Cash price is trading at $346.80.
  • 24-hour volume is $1,836,960,160
  • 17,946,513 BCH coins are being traded now.
  • ROI of BCH stands at -37.95%.

Bitcoin Cash Price Prediction & Conclusion:

BCH Price Prediction
BCH Price Chart by TradingView

If we compare prices of Bitcoin Cash since the start of 2019 when the coin was priced at $169.36 and the current price, BCH indicates an upward trend by almost 105%, which is phenomenal.

We anticipate that the same trend will continue for the coin, and BCH may reach its next resistance of $360 soon. However, it may take time for the coin to beat its 90-day high $522.

The Chaikin money flow indicator also points out that the present trend of Bitcoin Cash is an upward one. If you want to purchase or hold the coins, have it for the long term as it can offer better returns.

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