Bitcoin cash is exhibiting a downtrend against USD. It is currently trading at $729.56 and has dipped by 4.09% in the past 24 hours. Bitcoin Cash is clearly battling a bearish trend and trying to gain an upward momentum. The coin endeavors to break the key resistance level of $760.
BCH is tackling declining prices and struggling to reach beyond $750. The 200 EMA line signifies a continuing downtrend. The significant area of trading for today ranged from $698.2 to $743.2. The latest support level can be traced at $709.1. The seller pressure is hindering it from gaining momentum.
BCH is trading at a loss of 3.225% against Bitcoin. At the time of writing, one BCH is equal to 0.111BTC.
Bitcoin cash price prediction
According to Longforecast, BCH would dip by 52% and trade at $329. By the end of 2020, they predict that BCH would trade at $1222. This means an overall price rise of about 63.4%. Smartereum forecast predicts Bitcoin cash to be valued at $ 6700 by the end of this calendar year. Similarly, the five-year forecast of Bitcoin cash price is around $24,600.
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