Bitcoin Cash was traded at $218.22 on September 27, 2019, with the movement being bearish. There was a slight rise of 7% with the price reaching $234.13 on October 1, 2019. After that, the currency traded at $239.20 with 9.51% growth. Then, it was traded at $234.84 on October 22, 2019, before dropping back to $207 on October 23, 2019. Since this drop, the trend changed for BCH coin and it managed to reach $303.03 with a massive 46.39% growth on October 30, 2019. It continued to be bullish and was traded at $305 on November 6, 2019. Since November 21, 2019, the currency started to lose its pace and thus, there was a decline of 21% noted as on November 25, 2019. The movement for BCH was almost at an equal pace without any steep rise or fall. The present situation indicates the bearish control may remain for some more time.
Bitcoin Cash Price Prediction
If we look at the price movement of last week, the BCH coin has recorded a 5.76% hike as compared to the price on December 18. The movement for the coin will remain bearish and it may reach its next support $184.01 soon.
We recommend to hold the existing coins as per its movement noticed. The past three months’ performance of the coin has been a mixed one, but the bears were majorly dominating BCH prices. According to BCH prediction and analysts, considering the altcoin’s potential and past record, it is anticipated to trade from a long-term perspective.