Most of the major cryptocurrencies managed to fetch a bullish push in the last week. However, Bitcoin Cash seems to have been lagging here. In the previous week, it has lost 5.21% of its value, and it is currently trading under bearish pressure.
Bitcoin Cash Price Analysis
On January 15, BCH coin started the day at $358.88, and on the next day, the price fell by 12.89% to touch $312.64. This was the lowest point of the currency for the week. However, from there, the price of Bitcoin Cash started trading upwards. Over the next two days, the value got a hike to the extent of a massive 28.24% that took the BCH price to the weekly high at $400.93. The last swing happened between January 18 & 22. In these four days, the price dropped by a whopping 14.72% and got placed around $341.91.
The market cap on January 15 was 6.185 billion USD, and in these seven days, it has managed to see a moderate increment. The current market cap rests at 6.197 billion USD.
Bitcoin Cash’s current price is trending below its both the shorter span moving averages, i.e., 50 days and 20 days with a marginal change. This hints at the continuation of the current trend in the upcoming days as well. As per BCH Coin price prediction, the price may fall to $336 before rising again.