Will Bitcoin Cash (BCH) Price Vulnerable for a Downfall?

BCH coin was valued $178.60 on December 18, 2019, with the movement being bearish. The price continued to fall further and was traded at the lowest price of $170.55. Bitcoin Cash price managed to bounce from the drop and reached $183 with a 7.30% rise. For a short span, the trend was bearish, post which BCH coin managed to maintain the uptrend. The currency was traded twice at $191 on December 18, 2019. Though there was a slight drop post this date, the coin has managed to remain within $183 and $188. The present scenario shows that Bitcoin Cash will continue with the uptrend in the near-term.

BCH News Price

Bitcoin Cash Price Analysis

The BCH coin is indicating a marginal rise of 0.59% as compared to today’s price of $183.64. The currency is showing signs of a further rise and may be able to reach to its immediate resistance $188. After a week, the BCH price can get traded at its major resistance $196.

It is advisable to hold the coins to gain short-term profit, or you can buy new coins as per the trend noticed. BCH’s price movement of the last 24 hours shows the bearish trend prevalent for only one day i.e., yesterday. Post which, despite the minor fall, the bulls have managed to maintain their hold. Bitcoin Cash is one of the top altcoins that has the potential to cross its 7-day high $213 in the upcoming weeks.

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