Bitcoin Cash has shown huge volatility over the last 24 hours, and the price has now gone below $188. It has lost an overall 0.98% in this period and the range of the swings lies between $185 and $191.
Bitcoin Cash Price Analysis
BCH coin opened the day at $189.65, and over the next 6 hours, it gained $1.71 and got placed at $191.36. It was followed by a price fall by 3.21% that cost it $6.15 and pushed the price of Bitcoin Cash to $185.18 by 16:16 UTC. After that, the BCH coin started gaining strength and managed a hike of 2.44% in the next five and a half hours and took the price to $189.69. Towards the closing of the day, Bitcoin Cash started a price correction and by 01:47 UTC today, it lost 1.35% to touch $187.12.
The currency has shown a marginal decrease in the market cap over the last 24 hours. Today, the market cap fell to 3.443 billion USD from yesterday’s 3.446 billion USD.
The current price of Bitcoin Cash stands at 187.78 USD, which is 0.10% and 0.15% more than the 50 days and 20 days moving averages, respectively. As per Bitcoin Cash price prediction and the placement of both the averages, the coin is likely to show many more signs of strength in the coming few days. The next resistance may come at $193.30.