Bitcoin Cash was priced $217.13 when the month started; soon, it fell to $210.47. Despite the fall, it managed to reach $216.20 after few hours. The next day, there was a major fall and the BCH coin was valued $204.84. On December 4, due to a steep rise, the BCH price recovered back and was traded at $216.27 with a 5.58% hike. Again, there was a fall of 10%, with the price reaching $204.10. Bitcoin Cash managed to show an interim rise on December 14 when it reached $212.48 but soon after lost its momentum. The present scenario clearly shows the bearish dominance is going to continue for some time.
Bitcoin Cash Price Prediction
Today, the BCH coin recorded a 3.55% drop as compared to the price on December 14. It is going to fall further down to $203 as per the trend noticed. After a few days’, the coin may be able to reach around its resistance $210.
This is a good time to either purchase BCH or hold the old ones. As per the MACD indicator, the signal line is above the MACD line and is likely to cross soon. Hence, there is a possibility of an upward movement in the near-term as per Bitcoin Cash price forecast. The performance of Bitcoin Cash since the start of the month has witnessed many sharp rises and falls, and the coin has managed to recover well almost every time it saw a drop. Considering its past performance, it may not take long for the BCH coin to gain back hold over the bulls.