Bitcoin Cash’s price movement was seen inconsistent in yesterday’s chart. There were quite a few pickups and downs that lead to a moderate loss in the intraday price movement of the BCH coin. However, today, the movement in the price is quite stable and is directed towards a profitable closing.
The future of Bitcoin Cash is great. The traders can expect a colossal profit in the coming time.
Bitcoin Cash Price Analysis
Yesterday, Bitcoin Cash started dealing at $281.8860. The coin fell to $278.248 by 1.29% drop. The price immediately picked up to $283.1790 by 1.77%. Later, the BCH coin felt a pullback that took the price down to $269.87 by 4.70%. Towards the last hours, BCH took a long leap and touched $280.61. The day ended at $280, with an intraday regression of 0.67%. Today, BCH is registering an uptrend, and it has registered a profit of 0.97% as of now. The counters changed from $280 to $282.71.
Bitcoin Cash price is currently dealing at $282.885. The uptrend in the coin is slowly moving towards the immediate resistance level of $284. It won’t be a surprise if the BCH coin breaches the next resistance level at $289. Here, take a look at the resistance and support levels:
| Resistance Level | Price |
| R1 | $284.38 |
| R2 | $289.63 |
| R3 | $294.76 |
| Support Level | Price |
| S1 | $274 |
| S2 | $268.87 |
| S3 | $263.62 |
The price movement in Bitcoin Cash is currently improving. There are strong indications that the currency would start reflecting voluminous growth in some time. BCH coin is recommended for long-term traders. The specified period would bring the desired result.
