Bitcoin Cash (BCH) price put up a good performance even though the crypto market was bearish in 2019. Yesterday, the currency began the day on a high note, but as the day progressed, the price went on a downswing going below the baseline. BCH coin showed a price variation in the range between $324 – $364.
Bitcoin Cash Price Analysis
BCH coin was trading downwards yesterday, with its price being mostly in the lower range. The price was at $337.03 at 00:47 UTC. It went up to $363.61 at 5:05 UTC showing an upward movement to the extent of 7.89%. Then, Bitcoin Cash price started going downhill from there and reached $324.85 at 13:28 UTC by 10.60% decline. There was a slight recovery marked at 21:40 UTC when the price of BCH went up to $335.31. The current day’s price of Bitcoin Cash has again fallen to the tune of 1.56% at $330.093.
The currency has maintained its winning momentum even under bear pressure though the last day was not good. Analysts are, however, banking on the past performances and its capability to withstand bear pressure according to the BCH forecast, and expect it to have a good stable run during this year.
Current investors should continue to hold on to the coin as BCH has great future potential and is a coin meant for a long haul. Day traders can keep trading by maintaining a cautious approach.