Bitcoin Cash was spotted breaching the 90-days high at $398, a few days ago. With many ups and downs, the BCH price is now dealing around $335. The possibility of upsurge is still intact and in the upcoming days, the currency price would be spotted recovering. The first quarter of the year is anticipated to bring hefty improvement. The traders interested in the coin can dig-in with a high prospect of profit.
Yesterday, Bitcoin Cash price moved from $342 to $338 by 1.21%. Then, in the next 4 hours, the price improved and touched $353 from $338. There was another pullback pressure that took BCH price to $339 by 3.39% drop. The coin tried to recover again, and the price increased to $346.82 by 1.94%. The coin slipped to $342 by 1.23%. The closing hour reflected a price recovery of 1.23%. The coin closed the day at $348.71. The intraday movement of Bitcoin Cash reflected a 1.65% escalation in the price. Today, the currency touched $336 at 02:11 UTC. In the next 6 hours, the price improved, and the coin touched $340 mark by 1.37% hike.
MACD indicator indicates the coin may trade upwards as the MACD line has recently crossed the signal line. There is an anticipation of upcoming price recovery. The coin is currently trading towards the next support level $333. However, the trend is likely to improve.
R1: 352.95, R2: 358.68, R3: 365.34
S1: 340.56, S2: 333.9, S3: 328.17
Key Highlights: U.S. President Donald Trump has announced a fresh wave of reciprocal tariffs on…
Key Highlights Indian Forex Reserve soars by $2.7 billion in the week ending July 25…
Key Highlight: Mill City Ventures has closed a $450 million private investment in public equity…
Forex hedging is a tactic used to minimize risks by trading financial instruments in opposite…
Cyber security risks have increased more than ever with the exponentially rising popularity of forex…
The Philippine forex market established itself as a profitable avenue for traders and investors, especially…
