Prices

Bitcoin Cash Price Analysis: BCH Stable At $335, How Long Will It Take To Instigate A Price Rally?

If we compare the current trading price of the coin with its lowest price of $271.5 in the said time frame, BCH indicates a bullish trend by 23%.

The price of BCH was $415.8 on 8-July-18 at 10:00 UTC. The performance of the coin was quite good with prices remaining stable until 10-July-19. With two sharp falls, the price of the coin fell as low as $317.2 on 11-July-19 at 03:30 UTC. It did manage to rise upwards but only for a short term as price of the coin fell again to its lowest value of $271.5 on 15-July-19 at 04:00 UTC. From 24-July-19 the coin seems to have picked up the pace and started to gradually rise upwards.

Current statistics of Bitcoin Cash:

  • Bitcoin Cash is ranked at 4th position in the crypto market.
  • Market value of Bitcoin Cash was 6,033,144,602 USD at 07:34 UTC.
  • BCH price is $335.2 at 07:50 UTC time.
  • 24-hour volume figures are $1,215,655,177.
  • 17,935,650 BCH coins are being circulated at present.
  • ROI of BCH stands at -39.53%.

BCH performance over the past one month is as below:

BCH Price Prediction
BCH Price Chart by TradingView

BCH Price Analysis and Future Predictions:

If we compare the current trading price of the coin with its lowest price of $271.5 in the said time frame, BCH indicates a bullish trend by 23%.

We anticipate that the same trend may continue for the coin and it can reach $337 by tomorrow. It is expected to trade in the range of $337 and $340 in this month. BCH can reach close to $550 by the end of this year.

The Chaikin Money Flow indicator points out that the present movement of the coin is bearish.

Conclusion:

Experts advise going short with the BCH investment today as per the present trend. However, we strongly believe that BCH has bounced back well and has provided 23% growth since the past 15 days; hence the coin will manage to rise upwards with prices reaching $337 by tomorrow. BCH can offer huge returns if being traded with a long-term perspective; short-term goals may not be fruitful for the coin.

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